Two-Bedroom Condo Income
For Sale
$200,000
1010 Country Club Rd #I4, Cookeville, TN 38501
Condominium ownership includes private common-pool access, a patio, and a full complement of kitchen and laundry appliances.
Property Size1,088 SF
Price / SF$183.82
Days on Market202
Property Features for 1010 Country Club Rd #I4
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Unimproved Land
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Amenities
private common pool
Central
Electric
Central Air
Electric Oven
Cooktop
Dishwasher
Dryer
Microwave
Refrigerator
Washer
Patio, Electricity Available, Water Available, Shingle
Building Details
Year Built
1972
Listing Agency:
The Huffaker Group, LLC
Listed By:
David Huffaker · License #293136
(615) 480-9617
Source:
Kw
Added: Apr 2
Changed: Oct 20
Last Checked: Oct 19 at 4:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Huffaker Group, LLC
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Investment Insights
Based on property information with market context.
Putnam House offers a 1,088-square-foot condominium with two bedrooms and one-and-a-half baths. The 1972 residence includes central air, electric heating, a kitchen equipped with an oven, cooktop, dishwasher, microwave, and refrigerator, plus a washer and dryer. A patio extends the usable living area, while water and electricity are available as exterior features.
The property is located at 1010 Country Club Rd #I4 in Cookeville, Tennessee. TTU campus, local restaurants, and golf courses are accessible by a short walk or drive. Ownership also includes use of a private common pool.
The property is located at 1010 Country Club Rd #I4 in Cookeville, Tennessee. TTU campus, local restaurants, and golf courses are accessible by a short walk or drive. Ownership also includes use of a private common pool.
Key Highlights
- 1,088‑square‑foot condominium with two bedrooms and one‑and‑a‑half baths
- Built in 1972 with central air and electric systems
- Kitchen includes oven, cooktop, dishwasher, microwave, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,708
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,160
$214.2K
Cap Rate 7%
$152,971
$153.0K
Cap Rate 9%
$118,978
$119.0K
Market Conditions
NOI Build-Up for 1,088 SF
Gross rent
$20.9K $19.20/SF
− Vacancy
−$1.4K −$1.31/SF
EGI
$19.5K $17.89/SF
− OpEx
−$8.8K −$8.05/SF
NOI
$10.7K $9.84/SF
Area
Putnam County, TN
Vacancy
6.80%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,160
Cap Rate 7%
$152,971
Cap Rate 9%
$118,978
Alternative Uses
Best Use
Apartment 5plus
$153.0K
$133.9K – $178.5K
NOI $10,708 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.0K
$392.9K – $523.9K
NOI $31,433 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 38501, TN
41,141
Population
19,158
Households
2.1
Avg Household Size
33
Median Age
31%
College-Educated
88%
High-School Grad
87.1 sq mi
ZIP Area
472
Density / Sq Mi
$50,923
Median Household Income
$30,191
Median Earnings
$856
Median Rent
$245,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium ownership includes private common-pool access, a patio, and a full complement of kitchen and laundry appliances.
Where is this residential income property located?
The property is located at 1010 Country Club Rd #I4 Cookeville, TN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,088‑square‑foot condominium with two bedrooms and one‑and‑a‑half baths; Built in 1972 with central air and electric systems; Kitchen includes oven, cooktop, dishwasher, microwave, and refrigerator
