By Michelle Price Special to the UCBJ
COOKEVILLE – Part two of our four-part series on real estate in 2020 focuses on multifamily residential housing. Eight notable sales in this niche market were significant enough to rank in our year end wrap-up of Putnam County’s real estate market. Other parts in a four-part series explore the biggest real estate transactions in commercial, agricultural/development and residential properties in Putnam County.
Part 1 of 4: Commercial real estate’s biggest transactions of 2020
Top Multifamily real estate transactions of 2020
8. 1320 Carolina Ave., Cookeville 38501 (3 duplex units) Purchase price: $630,000 Seller: Roy D Gaw and Geneva Gaw Buyer: Adam and Janet Sorrells Family Trust, Trustees: Adam D. and Janet R. Sorrells
7. 41 E. 4th St., Cookeville 38501 Purchase price: $725,000 Seller: JIFE Enterprises LLC AKA J I F E Enterprises LLC Buyer: Burton Nelson and Deborah Nelson
6. 156, 158, 162, 166, 168 and 170 Stout St., Cookeville 38501 Purchase price: $1,000,000 Seller: Titan Development LLC Buyer: Mason Family Partnership
5. 1994 Bouton Bend, Cookeville 38501 Purchase price: $1,000,000 Seller: Robin Meadows Buyer: GFY LLC
4. 255 E. 14th St. 238, 250 and 260 12th St., Cookeville 38501 Purchase price: $1,025,000 Seller: Elite Properties Buyer: New Found Properties
3. 256 A/B E. 13th St 266 A/B E. 13th St., Cookeville 38501 Purchase price: $1,300,000 Seller: Eric Cherry, Machelle Cherry Buyer: New Found Properties
2. 3050 Dodson Branch Rd., Cookeville 38501 Purchase price: $1,700,000 Seller: Aaron Tyler Brown, Becky A Brown Buyer: Daniel Robinson, Chelsea Robinson
1. 1641 Benton Young Rd, Cookeville 38501 Purchase price: $2,050,000 Seller: Mike Stubblefield, Linda K Stubblefield Buyer: Julian Gregory Stephen, Julian Kimberly Paige, Walter Gene Fitts, Kayla Lynn Fitts