BEDS4
BATHS2 full
SQUARE FEET1,325
MLS#3182305
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONGaw Brothers
Property Description
1315 Maddux Avenue | Cookeville, TN - Student Housing Investment | Fully Leased Near Tennessee Technological UniversityTurnkey, income-producing student housing property located in one of Cookeville's most consistent and high-demand rental corridors near Tennessee Technological University.This 4-bedroom, 2-bath brick home is 100% leased to Tennessee Tech students, with each bedroom renting for approximately $450/month, generating up to $1,800/month gross rental income. Property operates under a proven rent-by-the-room model, delivering reliable cash flow and strong occupancy rates.Portfolio Opportunity - Buy One or AllThis property is 1 of 3 multifamily-style residential investment homes and can be purchased:Individually ORAs a package deal including:1305 Maddux Avenue1325 Maddux AvenueIdeal for investors seeking to scale a student housing portfolio in a prime Cookeville location.Investment Highlights:Fully occupied student housing investment$450/month per bedroom rental income modelUp to $1,800/month gross income potentialDurable brick constructionMinutes to Tennessee Tech campus & downtown CookevilleStrong year-round rental demandMultifamily-style returns from a single-family propertyExcellent for house hacking, long-term rental, or portfolio expansionLocated in a proven student housing corridor in Cookeville, TN, this property offers immediate cash flow, low vacancy risk, and long-term appreciation potential in the growing Middle Tennessee market.Investor Notes:Property is currently leased; financials and lease details available upon request. Buyer to verify zoning, rental regulations, and all usage guidelines.
Property Features
Property Type: Residential - Single Family
Basement: Crawl Space
Cooling: Central Air
Heating: Natural Gas
Lot Size: 0.22 Acres
Stories: 1.0
Taxes: $1,027
Year Built: 1963
Amenities
High Speed Internet
Feature Descriptions
Appliances: Electric Range, Dishwasher, Refrigerator
Days on Site: 11
Exterior: Brick
Flooring: Wood
Laundry: Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 82.5M X 150M IRR
Parcel#: 040J C 02105 000
Parking: Attached
Parking Notes: Attached
Patio/Porch: Porch
Sewer: Public Sewer
Utilities: Natural Gas Available, Water Available, Cable Connected
Water: Public
Local Schools
High School: Cookeville High School
Middle School: Prescott South Middle School
Elementary School: Jere Whitson Elementary
Listed By / Shown By
Listed By
Agency Name: First Realty Company
Agency Phone: 9315281573
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 737.55 per month $576.42 Principal & Interest $85.58 Property Tax $75.54 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1315 Maddux Ave | MLS# 3182305
This single family home located at 1315 Maddux Ave, Cookeville, TN 38501 is currently listed for sale with an asking price of $259,000. This property was built in 1963 and has 4 bedrooms and 2 full baths with 1325 sq. ft. Maddux Ave is located in the Gaw Brothers subdivision. Search Gaw Brothers real estate on www.clhomes.com today.