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164 W Wall Street, Cookeville, TN 38506

For Sale

$1,725,000

12,569 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Apartment
    Property type

  • $137.24
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Welcome to "The Colonial Inn" at 164 W Wall St Cookeville, TN 38506. This amazing and rare investment opportunity includes 19 nicely remodeled 1 bed,1 bath apartments with timeless touches and many unique outdoor areas. Located in the heart of Algood, mere steps from city hall, the farmer's market, brick oven pizza restaurant, coffee shop and a short drive to TTU and shopping/dining options. Each Unit features updated kitchen, bath and decor while maintaining a timeless feel in this well maintained almost century old building with modern improvements. The complex also boasts nicely landscaped grounds, several unique outdoor areas, an onsite commercial laundry facility and ample parking. The high demand unit type appeals to a large majority of area renters and has produced a great rental history with short/low turnover offering a new investor a great bottom line. Contact me today for more information and a tour.
MLS# 235656

Courtesy Of True Blue Realty, LLC

(931) 559-8783

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Double Pane Windows, Porch, Basement, Ceiling Fan
  • Appliances
    Refrigerator, Microwave, Washer, Dryer
  • Floor Covering
    Vinyl, Tile, Carpet
  • Lot Size
    0.61 Acres
  • Roof Type
    Metal
  • Rooms
    Basement

Map and Directions

Directions to 164 W Wall Street, Cookeville, TN 38506

Home seller CENTURY 21 Realty Group, LLC

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Realty Group, LLC

(931) 484-6411
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.