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2465 Benton Young Rd
Cookeville, TN 38501

$1,350,000 USD

Apartments For Sale  •  9,215 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,290 SF
  • Lot Size 1 AC
  • Building Class C
  • Year Built 1973
  • Cap Rate 7.28 %
0 Transit Score
2 Walk Score

Highlights

Stabilized 12-Unit Asset – Currently 92% occupied with an all–2 bed / 1 bath unit mix, providing immediate operational stability
Recent Renovations & Strong Condition - Five fully renovated units, updated kitchen cabinetry in additional units, and fresh exterior paint
Modern Building Systems - All HVAC units are less than three years old, and the metal roof is under ten years old
Growing Secondary Market - Cookeville continues to experience population growth, affordable living costs, and expanding economic activity
Proximity to Major Demand Drivers - Located minutes from Downtown Cookeville and Tennessee Tech University
Value-Add Upside - Opportunity to continue interior & exterior renovations to achieve higher market rents and further strengthen overall performance

Property Flyers

Financial Summary (Actual)

Net Operating Income: $98,218 USD (2025)
Cap Rate: 7.28 %
Total Expenses: $39,902 USD

Amenities

  • Air Conditioning
  • Microwave
  • Picnic Area
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Vinyl Flooring
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Albert Drake 615-281-9395 Residential Investment Advisors, Inc.
Albert Drake 615-281-9395 Residential Investment Advisors, Inc.