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
Michelle Price is the former managing editor of the Upper Cumberland Business Journal and can be reached via email. Send an email.