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 

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

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