1305 Maddux Avenue

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1305 Maddux Avenue

Cookeville, TN 38501
Asking Price
Contact for price
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

Multifamily Student Housing 3 Rental Units For Sale Near Tech campus Cookeville TN MLS <p><span style="color: rgba(0, 0, 0, 1)">πŸ’° **Income Model:**</span></p><p><span style="color: rgba(0, 0, 0, 1)">Multifamily style student housing</span></p><p><span style="color: rgba(0, 0, 0, 1)">Each home is configured with 4 bedrooms</span></p><p><span style="color: rgba(0, 0, 0, 1)">β‰ˆ $450 per bedroom</span></p><p><span style="color: rgba(0, 0, 0, 1)">β‰ˆ $1,800/month per property</span></p><p><span style="color: rgba(0, 0, 0, 1)">β‰ˆ $5,400/month total ( fully occupied)</span></p><p></p><p><spa

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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