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The Townhouse Reserve 135 S Jefferson St

8 Unit Apartment Building $2,133,000 CAD ($266,625 CAD/Unit) 8% Cap Rate Ripley, TN 38063

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Investment Highlights

One of the two bedroom - one bathroom units is wheel chair accessible with walk in closet.

All units have washer dryer and internet access for each suite.

Executive Summary

Nestled in the heart of Lauderdale County, the Townhouse Reserve offers the best of both worlds: the coziness and warmth of a small town with the convenience of a big city. Each apartment features high-end finishes, spacious layouts, and state-of-the-art upgrades. Residents enjoy all new appliances, spacious floor plans, and several high-tech upgrades making The Townhouse Reserve Ripley's most luxurious offering for the discerning resident.

Property Facts

Price	$2,133,000 CAD	Building Class	B
Price Per Unit	$266,625 CAD	Lot Size	0.42 AC
Sale Type	Investment	Building Size	7,500 SF
Cap Rate	8%	Average Occupancy	75%
No. Units	8	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1968/2022
Property Subtype	Apartment	Parking Ratio	1.87/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,133,000 CAD
Price Per Unit	$266,625 CAD
Sale Type	Investment
Cap Rate	8%
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.42 AC
Building Size	7,500 SF
Average Occupancy	75%
No. Stories	2
Year Built/Renovated	1968/2022
Parking Ratio	1.87/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.