28 U Drake Ave

Ripley, TN 38063

$5,000,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Drake St
Drake St
Drake St
Drake St
Fitzhugh St
Rear of Fitzhugh St units
Drake St
Drake St
Drake St
Drake St
Drake St
Jefferson St
Jefferson St
Jefferson St
Vacant, in need of full renovations. No value given to this buildings.
Ross Rd
Ross Rd
Ross Rd
Ross Rd
Durhamville Rd
Durhamville Rd
Courtney Dr
Courtney Dr
Courtney Dr
Courtney DR
Courtney Dr
Courtney Dr

Description

Huge investment portfolio consisting of 61 rentable units in Ripley: 36 townhomes consisting of 2 bedrooms & 1.5 baths. 16 apartments consisting of 2 bedrooms, 1 bath each. 9 single family houses consisting of 3 bedrooms & 2 baths. All have termite contracts in place and monthly maintenance sprays. Townhomes have newer roofs & HVAC units @ 2 years old. All are well maintained by owner. There are 5 townhomes on the rear of the Jefferson St property that are vacant and in need of full renovations,...Huge investment portfolio consisting of 61 rentable units in Ripley: 36 townhomes consisting of 2 bedrooms & 1.5 baths. 16 apartments consisting of 2 bedrooms, 1 bath each. 9 single family houses consisting of 3 bedrooms & 2 baths. All have termite contracts in place and monthly maintenance sprays. Townhomes have newer roofs & HVAC units @ 2 years old. All are well maintained by owner. There are 5 townhomes on the rear of the Jefferson St property that are vacant and in need of full renovations, no value is attributed to these units. More information available for serious, qualified or cash investors.
  1. Listed by Pamela Worley • Unique Properties

Property Details for 28 U Drake Avenue

Area
691
MAAR Subdivision Name
NA
Legal Subdivision Name
NA
LISTING UPDATED: 04/27/2026 02:57 PM

Property Details for 28 U Drake Avenue

StatusActive
MLS #10220264
Days on Market8
Taxes$41,970 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Townhouse Units
Year Built1979
Lot Size-
CountyLauderdale County
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Location

Listing Courtesy of Unique Properties
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Building Information for 28 U Drake Avenue

Stories-Residences61Year Built1979Building Size-Lot Size-

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$28,675 per month

30 year fixed, 6.46% Interest

Principal and Interest

$25,178

Property Taxes

$3,498

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 28 U Drake Avenue

Summary
Location and General Information
  • Address: 28U DRAKE ST
  • Address Search Number: 28
  • Directions: Properties are located on: Drake St, Fitzhugh, Jefferson St, Durhamville Rd, Ross Rd
  • Geo Match Code: 3
  • Geo Matched Method: 2
  • Geo Quality: 1.00
  • Geo Update Timestamp: 04-27-2026
  • Geo Zoom Level: 15.00
  • MLS Map Num: Lauderdale County
Taxes and HOA Information
  • Hot Water: Electrical, Public Sewer, Public Water
  • LVT Date: 04-27-2026
  • Annual Insurance Expenses: $32,293
Property
Lot Information
  • Lot Size: TBD
  • Parcel ID: 094D B 007.00 & 010.00 095H A 038.00, 039.01 094L E 023.00, 013.00, 014.00 119 038.00, 015.14
  • Zoning: Co/Res
Property and Assessments
  • Amenities: Dumpster
  • Foundation: Conventional/Crawl Space, Slab, Storage Area
  • Percent Occupancy: 95
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Freestanding), Exhaust Fan/Vent Hood, Smoke Detector(s)
  • Floors/Ceilings: 8 Feet, Dry Wall, Paneled, Partial Carpet, Tile, Wood Laminate Floors
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 52
  • Num of 3 Bedroom Units: 9
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 20
  • Num Other Units: 0
  • Annual Misc Income: $5,750
  • Annual Operating Expenses: $73,000
  • Assumption: No Assumption
  • Average Annual Utilities: $7,300
  • Construction: Brick/Veneer, Vinyl Siding, Wood/Composition
  • Cooling Systems: Central
  • Existing Financing: Clear
  • Gross Potential Annl Rent: $500,000
  • Heating Systems: Central, Electrical
  • Laundry: Connections
  • Miscellaneous Exterior: Curbs/Gutters, Sidewalks, Fire Escape
  • Operating Expenses: Accounting/Legal, Advertising, Insurance, License/Permits, Pest Control, Repairs/Maintenance, Services, Some Utilities, Taxes
  • Parking Facility: Asphalt/Blacktop, Concrete, More Than 1 Per Unit
  • Possession: At Closing
  • Sale Includes: Building and Land, No Equipment, No Furnishings, Some Appliances
  • Source Of Info: Current Records, Owner, Rent Roll
  • Tenant Pays: All Utilities, Cable TV, Security Deposit, Trash Collection
  • Trade Business Name: SN Anthony Apartmnts
  • Type Units: 2 BR - 1 Bath, 2 BR - 1+ Baths, 3 BR - 1+ Baths, Unfurnished

Property History for 28 U Drake Avenue

DateEvent & SourcePriceAppreciation
Apr 22, 2026

Listed (Active)

MAARMLS #10220264

$5,000,000—
DateEvent & SourcePrice
04/22/2026

Listed (Active)

MAARMLS #10220264

$5,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 28 U Drake Avenue

This home is within Lauderdale County School District.
Rating
School
Type
Grades
Distance
Ripley Primary School
Public - PK to 2
Ripley Elementary School
Public - 3 to 5
Ripley Middle School
Public - 6 to 8
Ripley High School
Public - 9 to 12
Rating
School
Distance
Ripley Primary School
PublicPK to 2

Ripley Elementary School
Public3 to 5

Ripley Middle School
Public6 to 8

Ripley High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 28 U Drake Avenue, Ripley, TN 38063

28 U Drake Avenue is a multi-family home for sale in Ripley, TN 38063. This property was listed for sale on April 22, 2026 by Unique Properties, it's currently listed at $5,000,000. This listing's school district is Lauderdale County School District. Nearby schools include Ripley Primary School, Ripley Elementary School and Ripley Middle School. 28 U Drake Avenue is a 0-bed, 0-bath, multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Unique Properties

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.