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 Features

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