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About This Home
This 6-bedroom, 3-bathroom residential multi family at 507 E Stevens Street in Cookeville, TN is listed for $369,929 ($136 per sqft). Built in 1940, the home offers 2,728 sqft of living space on a 0.43 acres lot.
Multiple units in one! 507 & 509 E Stevens Street present a rare opportunity to acquire a fully renovated multi-unit investment property in one of the city's most desirable locations. Situated in the Capshaw school zone, the property consists of a 3-bedroom, 1-bath single-family home (1,192 SF) and a separate two-unit structure featuring a 1 bed, 1 bath unit and a 2 bed, 1 bath unit (768 SF each).
The property is grandfathered as multi-unit under RS-15 zoning and benefits from strong rental demand due to its location. All units underwent comprehensive renovations in 2022, including new HVACs, plumbing & sewer replacement, new water heaters, updated electrical components, new windows & doors, new flooring, fully remodeled bathrooms, new cabinets & countertops, new appliances, fresh trim and paint, and much more.
This property offers predictable cash flow and long-term stability, making it ideal for investors and homeowners alike. 13 month home warranty for peace of mind.
Key Features
- Built in 1940
- 0.43 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,978/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
507 E Stevens Street
Cookeville, TN 38501
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 6-bedroom, 3-bathroom residential multi family at 507 E Stevens Street is listed at $369,929 ($136/sqft). The estimated monthly payment is $1,603 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.43 acre lot. Interior Features: Ceiling Fan(s).
This property is listed by Heather Skender-Newton and can be reached at 9312619001 or skendernewtongroup@gmail.com.
