For Sale

HomeBridge Apartments

1814 Salem Rd,
Cookeville, TN 38506

Asset Snapshot

Upper Mid-Scale
Multifamily Subtype
1973
Year Built
1
Building Count
2.08 Acres
Land Area
112 Units
Unit Count
40,250 SF
Property Size

Offering Summary

Investment Overview

PWA Properties is pleased to present HomeBridge Apartments, a 112-unit property located in Cookeville, Tennessee. Originally built in 1973, the property consists entirely of studio units and was fully renovated in 2023. In addition to the existing units, there is potential to add several more by converting existing storage rooms, maintenance areas, and former office space that was previously configured as guest rooms. The average monthly rent per unit is $1,100. Conveniently located near Tennessee Tech University, Cookeville Regional Medical Center, and major employers, the property provides easy access to the area's primary employment centers, shopping, dining, and Interstate 40.


Investment Highlights

  • 112 Units
  • All Studio Style Units
  • Fully Renovated in 2023

How it Works

Need Help?

Your brokers are your first point of contact for any listing or process questions. For additional support:

Listing Syndicated From

Buildout
Accepting Offers
$9,200,000
Asking Price

Investment Sales Broker

Kevin Tipton
PWA Properties

Market Insights