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121 Locust Grove Road
Cookeville, TN 38501
Asking Price
$450K
Asset Type
Multifamily
Class
Class B
What's Special
Renovators and Visionaries Wanted! <p>Income compound: multi-unit apartment barn rental, RV hookups, and independent units.</p><p>Immediate income potential while you add value:</p><p>Versatile Barn includes 4 studios: T Loft $280/wk, Rustic $270/wk, Retro $220/wk, Lil Dock $260/wk. (All but one currently rented), with bathrooms, kitchenettes, and showers (with a shared laundry room).</p><p>Metal roof replaced in 2020.</p><p></p><p>Independent cozy rental cottages: Lil Log $280/wk, Lil Barn $280/wk, Lil Church $210/wk, and Lil Ce
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NOI
$80,000
Cap Rate
17.78%
DSCR
2.99
Strong
Cash-on-Cash
39.47%
Monthly Payment
$2,226.354
Annual Cash Flow
$53,283.746
