2465 Benton Young Rd - Apartments FOR SALE


Cookeville, TN 38501
$1,350,000 USD
615-281-9395
2465 Benton Young Rd, Cookeville, TN for Sale
$1,350,000 USD
Apartments - FOR SALE
1/54
null | 7.28% Cap Rate

2465 Benton Young Rd
Cookeville, TN 38501


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

OVERVIEW

Valley Apartments is a well-maintained 12-unit multifamily community located in the growing Cookeville, Tennessee market. Positioned on a full one-acre parcel, the property consists entirely of spacious 2-bedroom, 1-bath units totaling 6,290 square feet. Each unit is equipped with in-unit laundry—either all-in-one or stackable setups—and the property is supported by ample front and rear parking. Currently 92% occupied, Sun Valley generates consistent operational performance with consistent lease-up opportunities. Proforma Returns a 8.83 Cap with minimal operational changes. Originally constructed in 1973, the property has received meaningful updates in recent years, including five full interior renovations, upgraded kitchen cabinetry in additional units, and fresh exterior paint. Major systems have also been addressed, with all HVAC units replaced within the last three years and a durable metal roof installed less than ten years ago. These improvements provide both stability and reduced near-term capital exposure for new ownership. The asset is separately metered for electricity with tenant-paid usage, while water is master-metered and reimbursed at $25 per unit per month. Multiple kitchens and bathrooms in this asset offer the opportunity to add value add updates. With continued interior upgrades and potential refinements to utility reimbursement, investors have opportunities to further enhance NOI. Sun Valley Apartments is strategically located just minutes from Downtown Cookeville and Tennessee Tech University—an area experiencing steady population growth, a strong renter base, and increasing investor interest across the region.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

12

PRICE/UNIT

$112,500

CAP RATE

7.28%

% LEASED

92%

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.3 Cap | Value-Add 12 Unit Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

039-030.01

ASK ABOUT THIS PROPERTY

Albert DrakeResidential Investment Advisors, Inc.More Info
615-281-9395

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Albert DrakeResidential Investment Advisors, Inc.More Info
615-281-9395

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.