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The Bellevue at 1045 1045 Fisk Rd Immeuble residentiel 80 lots À vendre Cookeville, TN 38501
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Completed $2.0M Capital Program, Low-Cost, Low-Maintenance Operations
- Supply-Constrained Market With Positive Rent Growth
- Diversified, Expanding Employment Base
- Embedded Mark-to-Market Upside | Offered Well Below Replacement Cost
- University-Anchored, Heavy Non-Full-time Student Demand
- Significant Affordability Discount & Sustained In-Migration
Résumé analytique
Bellevue at 1045 presents the opportunity to acquire a stabilized, fully renovated 80-unit, all-2BR (with washer/dryer) community in Cookeville, Tennessee, the economic and educational hub of the Upper Cumberland. A completed approximately $2.0 million capital program, completed in the last three years, has comprehensively addressed deferred maintenance and modernized unit interiors, positioning the asset for durable, low-maintenance cash flow with minimal forward capital requirements.
The investment is underpinned by a supply-constrained market posting 3.2% rent growth at 4.3% vacancy with no new construction underway or planned; university-anchored demand from Tennessee Tech’s decade-high enrollment of 10,701; an expanding employment base that has drawn nearly $1 billion of investment to the Upper Cumberland since 2020; and one of Tennessee’s deepest affordability advantages, with housing roughly 21% below the national average. The 100% 2BR configuration aligns directly with the largest and most stable segment of local renter demand.
With the value-add business plan already executed, remaining upside is operational, including lease trade-out / mark-to-market at turnover and incremental storage income, rather than capital-intensive. Acquired at a discount to replacement cost with limited future CapEx, Bellevue at 1045 offers a high yield-oriented return profile supported by durable demand drivers and meaningful downside protection.
The investment is underpinned by a supply-constrained market posting 3.2% rent growth at 4.3% vacancy with no new construction underway or planned; university-anchored demand from Tennessee Tech’s decade-high enrollment of 10,701; an expanding employment base that has drawn nearly $1 billion of investment to the Upper Cumberland since 2020; and one of Tennessee’s deepest affordability advantages, with housing roughly 21% below the national average. The 100% 2BR configuration aligns directly with the largest and most stable segment of local renter demand.
With the value-add business plan already executed, remaining upside is operational, including lease trade-out / mark-to-market at turnover and incremental storage income, rather than capital-intensive. Acquired at a discount to replacement cost with limited future CapEx, Bellevue at 1045 offers a high yield-oriented return profile supported by durable demand drivers and meaningful downside protection.
Data room Cliquez ici pour accéder à
- Offering Memorandum
Informations sur l’immeuble
| Type de vente | Investissement | Surface du lot | 1,47 ha |
| Nb de lots | 80 | Surface de l’immeuble | 9 229 m² |
| Type de bien | Immeuble residentiel | Occupation moyenne | 99% |
| Sous-type de bien | Appartement | Nb d’étages | 2 |
| Style d’appartement | Avec jardin | Année de construction/rénovation | 1995/2023 |
| Classe d’immeuble | B | ||
| Zonage | RM-14 | ||
| Type de vente | Investissement |
| Nb de lots | 80 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | B |
| Surface du lot | 1,47 ha |
| Surface de l’immeuble | 9 229 m² |
| Occupation moyenne | 99% |
| Nb d’étages | 2 |
| Année de construction/rénovation | 1995/2023 |
| Zonage | RM-14 |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Balcon
- Micro-ondes
- Chauffage
- Ventilateurs de plafond
- Cuisine
- Réfrigérateur
- Four
- Cuisinière
- Baignoire/Douche
Caractéristiques du site
- Accès 24 h/24
- Property Manager sur place
- CVC contrôlé par l’occupant
- Sentiers pédestres et cyclables
- Entretien sur site
- Services en ligne
- Détecteur de fumée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 2+2 | 80 | - | 95 |
1 1
Assez praticable à pied
40/100
Exceptionnellement adapté aux voitures
100/100
Assez praticable en vélo
30/100
Taxes foncières
| Numéro de parcelle | 040L-J-023.16 | Évaluation des aménagements | 1 673 970 € |
| Évaluation du terrain | 275 574 € | Évaluation totale | 1 949 543 € |
Taxes foncières
Numéro de parcelle
040L-J-023.16
Évaluation du terrain
275 574 €
Évaluation des aménagements
1 673 970 €
Évaluation totale
1 949 543 €
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
The Bellevue at 1045 | 1045 Fisk Rd
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