Condo Investment Properties for Sale in Cookeville, TN
132- 2 Bed
- 2 Bath
- 1088 sft
69- 3 Bed
- 3 Bath
- 2242 sft
100- 3 Bed
- 3 Bath
- 1800 sft
173- 2 Bed
- 2 Bath
- 1590 sft
Why Invest in Cookeville, Tennessee?
Cookeville, TN offers strong potential for condo investors seeking steady rental income in a growing college town. With Tennessee Tech University driving demand, condos here benefit from reliable tenant occupancy. Average rents around $1,700 support solid cash flow, while modest appreciation of 1% annually adds long-term value. Cap rates hover at 6-7%, making it attractive for passive income strategies. Renter-occupied units exceed 40%, bolstered by a stable local economy.
Frequently Asked Questions
Yes, with average rents at $1,717 and renter occupancy over 40%, condos offer reliable cash flow. Proximity to Tennessee Tech ensures steady demand from students and faculty. Cap rates around 6.5% make it appealing for investors.
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