14 Investors Dream Parkway
Ripley, TN 38063
$1,425,000
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Description
Rare find: package deal of 12 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...Rare find: package deal of 12 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 St. Ripley. This portfolio is perfect for the savvy investor looking to strengthen their rental portfolio with long term tenants in place, 100% occupied!
- Listed by Pamela Worley • Unique Properties
Property Details for 14 Investors Dream Parkway
Area
691R
MAAR Subdivision NameVary
Legal Subdivision NameVary
LISTING UPDATED: 02/05/2025 11:19 AM
Property Details for 14 Investors Dream Parkway
| Status | Active |
|---|---|
| MLS # | 10188719 |
| Days on Market | 39 |
| Taxes | $14,410 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Other (See REMARKS) |
| Year Built | 1977 |
| Lot Size | - |
| County | Lauderdale County |
Building Information for 14 Investors Dream Parkway
Stories-Residences16Year Built1977Building Size-Lot Size-
Property Information for 14 Investors Dream Parkway
Summary
Location and General Information
- Address: 14 INVESTORS DREAM PKY
- Address Search Number: 14
- Directions: Please see attached addresses for directions. All properties are located in Ripley, TN.
- Geo Match Code: 3
- Geo Matched Method: 2
- Geo Quality: .85
- Geo Update Timestamp: 01-24-2025
- Geo Zoom Level: 16.00
- Map Coordinate: R
- MLS Map Num: Lauderdale County
Taxes and HOA Information
- Hot Water: Electrical, Gas, Public Water, Public Sewer, Septic Tank
- LVT Date: 01-24-2025
- Annual Insurance Expenses: $9,647
Property
Lot Information
- Lot Size: Varied
- Parcel ID: 076P E 020.00, 21 094D B 010.02 095H B 016.00 095B A 024.00 095K D 001.00 094L E 019.00
- Zoning: Reside
Property and Assessments
- Amenities: Pet Restrictions
- Foundation: Slab, Conventional/Crawl Space, Partial Basement
- Percent Occupancy: 100
- Service Type: Full Service Listing
- Syndicate Listing To: Zillow Group
Interior and Exterior Features
Exterior Features
- Roof: Shingle/Shake
Interior Features
- Appliances / Equipment: Refrigerator, Range/Oven (Freestanding), Dishwasher, Exhaust Fan/Vent Hood
- Floors/Ceilings: Vinyl Floor, Partial Carpet, Dry Wall, Paneled
Multi Family
Multi-Family Information
- Num of 1 Bedroom Units: 0
- Num of 2 Bedroom Units: 2
- Num of 3 Bedroom Units: 11
- Num of Efficiency Studio Units: 0
- Num of Buildings: 14
- Num Other Units: 1
- Annual Land Lease Payment: $0
- Annual Operating Expenses: $97,262
- Assumption: No Assumption
- Average Annual Utilities: $2,500
- Construction: Brick, Wood/Composition, Vinyl Siding
- Cooling Systems: Central, Electrial, Individual Cooling
- Existing Financing: Conventional Fixed
- Gross Potential Annl Rent: $118,445
- Heating Systems: Central, Gas, Electrical, Wall Heat
- Laundry: None
- Miscellaneous Exterior: Some Landscaping, Ceiling Fan(s)
- Operating Expenses: Management, Insurance, Repairs/Maintenance, Pest Control, Taxes, License/Permits, Accounting/Legal, Services, Payroll
- Parking Facility: 1 Per Unit, More Than 1 Per Unit
- Possession: At Closing, Tenants Rights
- Sale Includes: Building and Land, Some Appliances
- Source Of Info: Accountant, Current Records, P/L Statement
- Tenant Pays: All Utilities, Heating, Gas, Electric, Water/Sewer, Trash Collection, Cable TV, Cooling, Lawn Maintenance, Security Deposit, Pet Depost
- Trade Business Name: A & A Rentals
- Type Units: 2 BR - 1+ Baths, 3 BR - 1 Bath, 3 BR - 1+ Baths, 4 or More Bedrooms, Unfurnished
Property History for 14 Investors Dream Parkway
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 14 Investors Dream Parkway
This home is within Lauderdale County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 2 | |||
| Public - | 3 to 5 | |||
| Public - | 6 to 8 | |||
| 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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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 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