|
|
908 Chadwick Apartments for Sale
908 Chadwick Drive
Kingsport, TN 37660
County: Sullivan
Primary
Type: Multifamily Triplex
No. Units: 3
Occupancy: 100.00%
Price: $86,900
Price/Unit: $28,966.67
Cap Rate: 10.00%
Year Built: 1973
• All brick
• Owner financing 2nd mortgage to qualified
buyer
• Motivated sellers
Year:
2007
Scheduled Gross Income: $12,540
Effective Gross Income: $11,913
Operating Expenses: $4,222
Net Operating Income: $7,691
Pre-Tax Cash Flow: $7,691
Great investment
for investors. Building unit mix consists of two 1
bedroom units with each unit renting for $285/monthly
and one 3 bedroom unit renting for $475/monthly.
Expenses are as follows: taxes $1732,insurance $450,
water $1500, garbage $240. Low maintenance surroundings.
one
bedroom units
No. Units: 2
Avg. Mo. Rent: $285
three bedroom unit
No. Units: 1
Avg. Mo. Rent: $475
From Stone Drive
and I-26 take Stone Drive east and take a left onto Hwy
36 then immediately turn left onto Transbarger Drive
approx one half miles to right onto Chadwick Drive then
turn left into apartment driveway.
Contact:
Brian Whidden at (423) 791-0536
|
Apartment Investments
A Great New Book Full of What Investors
Need to Know.
Comment
Dear
Richard,
Thank You very much for your help on the
financing. The rate turns out to be better than
expected...
Joe D.
|
