REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Albert (Drake) L. Drake • Residential Investment Advisors
$ 1,275,000
Est. payment | /mo
9,215 SqFt
$ 1,275,000
Est. payment | /mo
9,215 SqFt
Key Details
Property Type Multi-Family
Listing Status Hold
Purchase Type For Sale
Square Footage 9,215 sqft
Price per Sqft $138
Subdivision None - Rural
MLS Listing ID 3601955
HOA Y/N No
Year Built 1973
Annual Tax Amount $3,141
Property Description
Sitting minutes from Tennessee Tech University, this 12-unit multifamily community is a well-maintained asset located in the growing Cookeville market. Positioned on a full one-acre parcel, the property consist of 2bd/1ba units totaling 9215 sq ft. Each unit has in-unit laundry hookups and supported by ample front and rear parking.
Property has received meaningful updates over the past two years including 6 full interior updates, upgraded cabinetry in additional units, and fresh exterior paint. Major systems have also been addressed, with all HVAC units replaced within the last three years, a durable metal roof installed under 12 years ago, and the septic system has been inspected by TDEC following recent work. New gutters coming soon.
Each unit is separately metered for electricity with tenant-paid usage, while water is master-metered and reimbursed at $25/unit/month.
With continued interior/exterior upgrades and potential refinements to utility reimbursement, investors have opportunities to further enhance NOI. Sun Valley is strategically located just minutes from Downtown Cookeville and TN Tech - an area experiencing steady population growth, a strong renter base, and increasing investor interest across the region.
Property has received meaningful updates over the past two years including 6 full interior updates, upgraded cabinetry in additional units, and fresh exterior paint. Major systems have also been addressed, with all HVAC units replaced within the last three years, a durable metal roof installed under 12 years ago, and the septic system has been inspected by TDEC following recent work. New gutters coming soon.
Each unit is separately metered for electricity with tenant-paid usage, while water is master-metered and reimbursed at $25/unit/month.
With continued interior/exterior upgrades and potential refinements to utility reimbursement, investors have opportunities to further enhance NOI. Sun Valley is strategically located just minutes from Downtown Cookeville and TN Tech - an area experiencing steady population growth, a strong renter base, and increasing investor interest across the region.
Location
State TN
County Putnam County
Zoning None
Interior
Heating Central
Cooling Central Air
Flooring Luxury Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Metal
Private Pool false
Building
Story 2
Sewer Septic Tank
Water Public
Structure Type Frame,Brick
New Construction false
Schools
Elementary Schools Cane Creek Elementary
Middle Schools Upperman Middle School
High Schools Upperman High School
Others
Senior Community false
Special Listing Condition Standard
© 2026 Listings courtesy of RealTrac as distributed by MLS GRID. All Rights Reserved.
NEARBY SCHOOL & BUSINESS