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Chadwick Apartments 944-944 Chadwick Dr 29 Unit Apartment Building $3,532,286 CAD ($121,803 CAD/Unit) Kingsport, TN 37660

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Executive Summary

PWA Properties is pleased to present a 29-unit multifamily portfolio in Kingsport, Tennessee. The portfolio consists of seven buildings with a unit mix of twelve 3 bed / 1.5 bath units, twelve 1 bed / 1 bath units, four 2 bed / 1 bath units, and one 3 bed / 2 bath unit. The property is currently 93% occupied, with only two vacancies, and is located approximately five minutes from downtown Kingsport. The portfolio offers stable in-place income with value-add potential through continued improvements and rent growth.
Addresses Include:
920 Chadwick Drive, Kingsport, TN 37660
924 Chadwick Drive, Kingsport, TN 37660
928 Chadwick Drive, Kingsport, TN 37660
932 Chadwick Drive, Kingsport, TN 37660
936 Chadwick Drive, Kingsport, TN 37660
940 Chadwick Drive, Kingsport, TN 37660
944 Chadwick Drive, Kingsport, TN 37660

Property Facts

Price	$3,532,286 CAD	Apartment Style	Garden
Price Per Unit	$121,803 CAD	Building Class	C
Sale Type	Investment	Lot Size	1.60 AC
No. Units	29	Building Size	18,954 SF
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built/Renovated	1972/2001
Zoning	Residential

Price	$3,532,286 CAD
Price Per Unit	$121,803 CAD
Sale Type	Investment
No. Units	29
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	1.60 AC
Building Size	18,954 SF
No. Stories	2
Year Built/Renovated	1972/2001
Zoning	Residential

1 1

Fairly walkable

40/100

Exceptionally drivable

100/100

Limited public transit

20/100

Fairly bikeable

40/100

Source: Local Logic^®

Property Taxes

Parcel Numbers	Multiple 029L-C-039.00 029L-C-040.00 029L-C-038.00 029L-C-036.00 029L-C-035.00 029L-C-041.00 029L-C-037.00	Improvements Assessment	$930,126 CAD
Land Assessment	$85,735 CAD	Total Assessment	$1,015,860 CAD