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14 Investors Dream Pky

Ripley, TN 38063
  • $1,500,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 10168612
$1,500,000
  • 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 14 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, 140 Walker, 144 & 146 Midland, 307, 308, 309 Courtney, 402 Commerce, 151 Ross Rd, 317 Robin Dr, 329 Sunset St, 98 Skyline, 159 EastEnd

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© 2024 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 Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2024-04-04T00:03:56.823.
www.gowenpropertygroup.com/homes/148885427
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14 Investors Dream Pky Ripley, TN 38063

  • Price: $1,500,000
  • Status: Active
  • On Site: 21 Days
  • MLS #: 10168612
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 14 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, 140 Walker, 144 & 146 Midland, 307, 308, 309 Courtney, 402 Commerce, 151 Ross Rd, 317 Robin Dr, 329 Sunset St, 98 Skyline, 159 EastEnd
Exterior Features

Buildings 14 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 RefrigeratorRange/Oven (Freestanding)DishwasherExhaust Fan/Vent Hood 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 11 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 Contingency Type No Contingency 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 © 2024 Memphis Area Association of REALTORS®.
Listing provided courtesy of Unique Properties: 731-635-3660.



© 2024 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 Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2024-04-04T00:03:56.823.
 
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