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912 Chadwick Apartments for Sale
912 Chadwick Drive
Kingsport, TN 37660
County: Sullivan

Primary Type: Multifamily Fourplex
No. Units: 4
Occupancy: 100.00%
Price: $98,900
Price/Unit: $24,725.00
Cap Rate: 10.00%
Year Built: 1973
 

• All brick
• Owner financing 2nd mortgage to qualified buyer
• Motivated sellers

Avg. Mo. Rent: $285

Year: 2007
Scheduled Gross Income: $13,680
Effective Gross Income: $12,996
Operating Expenses: $4,281
Net Operating Income: $8,715
Pre-Tax Cash Flow: $8,715

Great investment for investors. Building unit mix consists of four 1 bedroom units with each unit renting for $285/monthly. Expenses are as follows: taxes $1791, insurance $450, water $1500, garbage $240. Low maintenance surroundings.

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

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