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Apartment Building with Renovation Opportunity
For Sale
Contact for pricing
Pending

1045 Fisk Rd, Cookeville, TN 38501

80-unit apartment asset built in 1995 with exterior renovations and partial interior updates across multiple units.

Property SizeContact for details
Days on Market121

Property Features for 1045 Fisk Rd

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 80

Building Details

Year Built 1995
Listing Agency: Capstone Apartment Partners Nashville
Listed By: Tyler Mayo · License #TN & NY
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Aug 8 at 5:49AM

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 Capstone Apartment Partners Nashville

Investment Insights

Based on property information with market context.

Cambridge Apartments is an 80-unit multifamily property constructed in 1995. Current ownership has completed exterior renovations and partial interior renovations in 50 of the units, with the opportunity for new ownership to further renovate those units and update the remaining 26 unrenovated units to align with the same finish levels. In addition, 4 units have been renovated to a recommended scope as part of the renovation efforts.

The property is located adjacent to Highway 111, providing convenient access to primary employers and economic drivers within Putnam County, with minimal commute times.

This offering is positioned for a buyer to continue the interior renovation program across the remaining units and apply third-party management under new ownership.

Key Highlights

  • 80‑unit apartment community built in 1995 in Cookeville, Tennessee
  • Adjacent to Highway 111
  • Exterior renovations completed by current ownership

Property Analytics

Current Use

Gaw Rentals Apartment Building Launchpad Sports (Bike/Boat/Book/etc) Store The Bellevue at 1045 Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

80
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

152
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 80-unit apartment asset built in 1995 with exterior renovations and partial interior updates across multiple units.
Where is this apartment building located?
The property is located at 1045 Fisk Rd Cookeville, TN.
What are key features of this property?
This property features: 80‑unit apartment community built in 1995 in Cookeville, Tennessee; Adjacent to Highway 111; Exterior renovations completed by current ownership
More about this property
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