Discover Sun Valley Apartments – A Strong Investment Opportunity in the Growing Cookeville Market
Sun Valley Apartments offers investors the opportunity to acquire a stabilized 12-unit multifamily community in one of Middle Tennessee's strongest secondary markets. Located at 2465 Benton Young Rd in Cookeville, Tennessee, the property combines strong in-place performance, recent capital improvements, and additional value-add potential, all within minutes of Downtown Cookeville and Tennessee Tech University.
Currently 100% occupied, Sun Valley Apartments consists entirely of spacious 2-bedroom, 1-bath units that continue to attract strong tenant demand. Each unit features in-unit laundry, a highly desirable amenity that supports tenant retention and long-term occupancy. The property is situated on a full one-acre parcel and offers ample parking in both the front and rear of the community.
Ownership has invested significantly in the asset, completing six full unit renovations, additional kitchen cabinetry upgrades, ongoing exterior improvements, and continued maintenance throughout the property. Major building systems have also been addressed, with all HVAC units replaced within the last three years and a durable metal roof installed within the last ten years. The septic system has recently been inspected by TDEC following completed work, and new gutters are currently being installed.
Offered at $1,300,000, Sun Valley Apartments presents an attractive investment opportunity with gross rents of approximately $12,525 per month and a projected 8.14% cap rate. While much of the renovation work has already been completed, future ownership still has the opportunity to enhance performance through targeted kitchen and bathroom upgrades in select units.
Investment Highlights:
Stabilized 12-Unit AssetTwelve income-producing units consisting entirely of 2-bedroom, 1-bath layouts with in-unit laundry.
Strong In-Place PerformanceCurrently 100% occupied with gross rents of approximately $12,525 per month.
Recent Capital ImprovementsSix renovated units, additional kitchen cabinetry upgrades, ongoing exterior improvements, new gutters underway, HVAC systems less than three years old, and a metal roof less than ten years old.
Efficient Utility StructureTenant-paid electric, water reimbursement structure already in place, and a septic system maintained annually.
Remaining Value-Add PotentialOpportunity to further enhance property performance through kitchen and bathroom upgrades in select units.
Prime Cookeville LocationConveniently located approximately 10 minutes from Downtown Cookeville and Tennessee Tech University, providing access to a strong and diverse renter base.
Growing Market Fundamentals Cookeville continues to benefit from population growth, university-driven demand, healthcare employment, and ongoing commercial expansion, supporting long-term multifamily investment demand.
