Shatel court | 340 Lone Oak Dr
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Shatel court 340 Lone Oak Dr
14 Unit Apartment Building $4,500,000 ($321,429/Unit) 6.02% Cap Rate Cookeville, TN 38501
Investment Highlights
- Close to Tennessee Tech, hospital, easy access to I-40
Executive Summary
Multifamily/townhomes investment opportunity in Cookeville, TN- PRIME LOCATION. Close to Tennessee Tech University, CRMC-Cookeville hospital, Easy access to I-40-Exit 286
Property Facts
| Price | $4,500,000 | Apartment Style | Townhome |
| Price Per Unit | $321,429 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.50 AC |
| Cap Rate | 6.02% | Building Size | 20,800 SF |
| Gross Rent Multiplier | 7 | No. Stories | 2 |
| No. Units | 14 | Year Built | 2024 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $4,500,000 |
| Price Per Unit | $321,429 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 7 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.50 AC |
| Building Size | 20,800 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 12 | - | 1,425 |
| 3+3.5 | 2 | - | 1,825 |
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PROPERTY TAXES
| Parcel Number | 066A-A-010.00 | Improvements Assessment | $0 |
| Land Assessment | $146,000 | Total Assessment | $146,000 |
PROPERTY TAXES
Parcel Number
066A-A-010.00
Land Assessment
$146,000
Improvements Assessment
$0
Total Assessment
$146,000
zoning
| Zoning Code | C-2 (Commercial) |
| C-2 (Commercial) |
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Shatel court | 340 Lone Oak Dr
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