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.