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164 W Wall St
Cookeville, TN 38506

$1,725,000 USD

Apartments For Sale  •  12,569 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,569 SF
  • Lot Size 0.61 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 9.13 %
0 Transit Score
58 Walk Score

Highlights

Each Unit features updated kitchen, bath and decor while maintaining a timeless feel.
Well-maintained almost century-old building with modern improvements
The complex also boasts nicely landscaped grounds, several unique outdoor areas, an onsite commercial laundry facility and ample parking.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $154,957 USD (2024)
Cap Rate: 9.13 %
Total Expenses: $25,443 USD

Amenities

  • Air Conditioning
  • Balcony
  • Laundry Facilities
  • Microwave
  • Picnic Area
  • Heating
  • Smoke Free
  • Trash Pickup - Curbside
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Yard
  • Online Services
  • Sundeck
  • Deck
  • Double Pane Windows
  • Framed Mirrors
  • Instant Hot Water
  • Lawn
  • Patio
  • Porch
  • Vinyl Flooring
  • Window Coverings
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Mike Farley 931-261-2069 True Blue Realty
Mike Farley 931-261-2069 True Blue Realty