Address
149 Proffitt St, Cookeville, TN
Price
$ 990,000
Property Attributes
  • MLS#2616577
  • TypeMulti-Family
  • CountyPUTNAM
  • CityCookeville
  • NeighborhoodCapshaw
  • Zip38501
  • StyleMulti Family
  • Year Built2023
  • Taxes$ 4553
  • Price$ 990,000
  • Bedrooms10
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage26000
Data Source:
Listing courtesy of RealTracs MLS as distributed by MLS GRID
Property Description

MRG is pleased to present 149 Proffitt St. this beautiful, newly remodeled 6 unit apartment building complex right in the midst of booming downtown Cookeville, Tennessee near Tennessee Tech (just east of Nashville). Cookeville is growing faster per capita than Nashville with extremely high rental demand and growth that is not changing anytime soon. The investor will be able to make considerable rent increases with this investment. Take advantage of this perfect opportunity to scale your portfolio while you can! Units have been completely remodeled in 2023 with renovations including all new HVAC, new windows, plumbing, water line (took the copper out of water lines), cabinets, light fixtures, electrical, & much more. 4 bed 2 bath: 1 unit 2 bed 1.5 bath 5 units Average Rent: 1,179 Unique 4 bed unit Tenants pay ALL utilities (low expense ratio consistent with area) Opportunity to raise rent Please reach out to Drew Lekowski for financials

Elementary School Middle School High School
Burks Elementary Monterey High School Cookeville High School
Price History
2/6/2024 Listed $1

General Features

Sewer Public Sewer
Heating Baseboard
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Zoning n/a
Construction Materials Other
Year Built 2023
Stories 2
Levels One
Gross Income 87600
County Putnam County,TN
Net Operating Income 73948
Operating Expense 13652
New Construction No
Property Type Residential Income
Attached Garage No
Subdivision Name Capshaw
Garage Y/N No
Status Active
Directions n/a
High School Cookeville High School
City Cookeville
View Y/N No
Total Units 6
Waterfront Y/N No
Carport Y/N No
Street Name Proffitt St
Elementary School Burks Elementary
Property Attached Y/N Yes
Year Built Details RENOV
Tax Annual Amount 4553
Middle/Junior High School Monterey High School
Days on Market 3
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 4900

Interior Features

Flooring Other
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 26000
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Living Area Units Square Feet

Exterior Features

Water Source Public
Inclusions APPLN,FURN
Building Area Total 26000
Lot Dimensions 163 X 123M IRR
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 38501

Price
AVG $990K
$990K
Taxes
AVG $4,553
$4,553
Visits
AVG 7
7
Data Provided by Inside Real Estate®
Year Built
AVG 2017
2023