Skip To Content

13 Investors Dream Pky

Ripley, TN 38063
  • $1,325,000
  • STATUS: Active
  • ON SITE: 108 Days
  • ID#: 10188719
UPDATED: 26 min ago
$1,325,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1977
County:

School Ratings & Info

Description

Rare find: package deal of 11 single family residences and 2 duplexes with an excellent gross profit. 100% occupancy rate currently with many long-term tenants in place. All properties are in good to excellent condition, several with new roofs & HVAC units in 2023. Reach out to your agent asap for full details. Addresses include: 204 A&B Drake, 219 A&B Jefferson, 144 & 146 Midland, 307, 308, 309 Courtney, 402 Commerce, 151 Ross Rd, 317 Robin Dr, 329 Sunset St, 98 Skyline, 159 EastEnd St. Ripley. This portfolio is perfect for the savvy investor looking to strengthen their rental portfolio with long term tenants in place, 100% occupied!

Monthly Payment Calculator



© 2025 Memphis Area Association of REALTORS®. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-05-13T08:04:12.423.
www.yournewhomekey.com/homes/159705496
Print Image

13 Investors Dream Pky Ripley, TN 38063

  • Price: $1,325,000
  • Status: Active
  • On Site: 108 Days
  • Updated: 26 min ago
  • ID#: 10188719
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1977
Built
Neighborhood:
Vary
County:
Lauderdale
Area:
Lauderdale County
Property Description
Rare find: package deal of 11 single family residences and 2 duplexes with an excellent gross profit. 100% occupancy rate currently with many long-term tenants in place. All properties are in good to excellent condition, several with new roofs & HVAC units in 2023. Reach out to your agent asap for full details. Addresses include: 204 A&B Drake, 219 A&B Jefferson, 144 & 146 Midland, 307, 308, 309 Courtney, 402 Commerce, 151 Ross Rd, 317 Robin Dr, 329 Sunset St, 98 Skyline, 159 EastEnd St. Ripley. This portfolio is perfect for the savvy investor looking to strengthen their rental portfolio with long term tenants in place, 100% occupied!
Exterior Features

Buildings 13 Construction BrickVinyl SidingWood/Composition Foundation Conventional/Crawl SpacePartial BasementSlab Lot Size Varied Misc Exterior Some LandscapingCeiling Fan(s) Parking Facility 1 Per UnitMore Than 1 Per Unit Roof Shingle/Shake

Interior Features

Appliances Equipment DishwasherExhaust Fan/Vent HoodRange/Oven (Freestanding)Refrigerator Cooling Systems CentralElectrialIndividual Cooling Floors And Ceilings Dry WallPaneledPartial CarpetVinyl Floor Heating Systems CentralElectricalGasWall Heat Hot Water ElectricalGasPublic SewerPublic WaterSeptic Tank Laundry None

Property Features

1 Bedroom Units 0 2 Bedroom Units 2 3 Bedroom Units 10 Actual Annual Rent 119295 Amenities Pet Restrictions Annual City Tax 7000 Annual County Tax 7410 Annual Insurance Expenses 9647 Annual Land Lease Payment 0 Annual Operating Expenses 97262 Assumption No Assumption Average Annual Utilities 2500 Efficiency Studio Units 0 Existing Financing Conventional Fixed Gross Potential Annual Rent 118445 Legal Subdivision Name Vary Multifamily Type Other (See REMARKS) New Financing Conventional Operating Expenses Accounting/LegalInsuranceLicense/PermitsManagementPayrollPest ControlRepairs/MaintenanceServicesTaxes Other Units 1 Percent Occupancy 100 Possession At ClosingTenants Rights Sale Includes Building and LandSome Appliances Source Of Info AccountantCurrent RecordsP/L Statement Tenant Pays All UtilitiesCable TVCoolingElectricGasHeatingLawn MaintenancePet DepostSecurity DepositTrash CollectionWater/Sewer Type Of Leases Other (Call LA)Year Type Of Units 2 BR - 1+ Baths3 BR - 1 Bath3 BR - 1+ Baths4 or More BedroomsUnfurnished Zoning Reside

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Unique Properties: 731-635-3660.



© 2025 Memphis Area Association of REALTORS®. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New Home Key | Centric Realty LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-05-13T08:04:12.423.
 
https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10188719-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10188719-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10188719-2.jpg
Logo
Your New Home Key | Centric Realty LLC
813 Ridge Lake Blvd
Memphis TN, 38120