4 Beds
2 Baths
1,325 SqFt
4 Beds
2 Baths
1,325 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,325 sqft
Price per Sqft $195
Subdivision Gaw Brothers
MLS Listing ID 3182363
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1963
Annual Tax Amount $1,027
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 82.5M X 150M IRR
Property Sub-Type Single Family Residence
Property Description
Turnkey, income-producing student housing property located in one of Cookeville's most consistent and high-demand rental corridors near Tennessee Technological University.
This 4-bedroom, 2-bath brick home is 100% leased to Tennessee Tech students, with each bedroom renting for approximately $450/month, generating up to $1,800/month gross rental income. Property operates under a proven rent-by-the-room model, delivering reliable cash flow and strong occupancy rates.
Portfolio Opportunity – Buy One or All
This property is 1 of 3 multifamily-style residential investment homes and can be purchased:
Individually OR
As a package deal including:
1315 Maddux Avenue
1325 Maddux Avenue
Ideal for investors seeking to scale a student housing portfolio in a prime Cookeville location.
Investment Highlights:
Fully occupied student housing investment
$450/month per bedroom rental income model
Up to $1,800/month gross income potential
Durable brick construction
Minutes to Tennessee Tech campus & downtown Cookeville
Strong year-round rental demand
Multifamily-style returns from a single-family property
Excellent for house hacking, long-term rental, or portfolio expansion
Located in a proven student housing corridor in Cookeville, TN, this property offers immediate cash flow, low vacancy risk, and long-term appreciation potential in the growing Middle Tennessee market.
Investor Notes:
Property is currently leased; financials and lease details available upon request. Buyer to verify zoning, rental regulations, and all usage guidelines.
Location
State TN
County Putnam County
Rooms
Main Level Bedrooms 4
Interior
Interior Features High Speed Internet
Heating Natural Gas
Cooling Central Air
Flooring Wood
Fireplace N
Appliance Electric Range, Dishwasher, Refrigerator
Exterior
Utilities Available Natural Gas Available, Water Available, Cable Connected
View Y/N false
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Jere Whitson Elementary
Middle Schools Prescott South Middle School
High Schools Cookeville High School
Others
Senior Community false
Special Listing Condition Standard
Nearby Locations
Agent | Investor | Adventurer | License ID: 356937
+1(615) 882-4178 | cullum@stirlingventuregroup.com