Multifamily residential real estate’s biggest transactions of 2020

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 

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