Status   ACTIVE  
NINTH & CHESTNUT – ATTENTION INVESTORS!
752 Chestnut Avenue, Cookeville, TN, 38501-1630 United States

$329,000
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MLS#145937
List Date4/27/2010
TypeInvestment
School DistrictPutnam County Schools
AreaNW Cookeville
Units10
To be sold all together, this property consists of an 8-plex apartment building and 2 homes.  The 8-plex, built in 2000, 3060 sq. ft., fronts on 9th St. with paved parking in back and recently installed privacy fence.  Owners provide a commercial coin laundry on the premises for the use of tenants.  The 8-plex units are all 1BR/1Ba units, range and refrigerator furnished.  Six rent for $375/mo and two rent for $400/mo.  Seller provides for utilities at approx. total of $400/mo and accrues income of approx. $200/mo from coin laundry.  

The two homes front on Chestnut.  Three BR home, built in 1954 with 816 sq. ft., rents for $500/mo and tenant is responsible for all utilities, W/D hookups, stove, and refrigerator are included.  The two BR home, built in 1951 with 672. sq. ft., rents for $475/mo and tenant is responsible for all utilities.  W/D hookups, stove and refrigerator included.

For more information or to schedule an appointment call Susan Hogan at American Way Real Estate at (931) 260-8103 or Tol