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Windgate Apartments 1802 Hamill Rd 22 Unité Immeuble d’appartements 3 506 148 $ CAD (159 370 $ CAD/Unité) 6,58% Taux de capitalisation Hixson, TN 37343
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Faits saillants de l'investissement
- Roofs were replaced in 2025, materially reducing near-term capital requirements
- Majority of units feature stainless steel appliances
- Individually metered for electric, with water, sewer, and trash master metered and recovered through a $50 monthly utility reimbursement
- 11 units have been renovated, including 6 completed within the past 18 months, providing an immediate value-add runway through continued interior upgr
- All units include washer and dryer connections, excluding the two studio apartments
Résumé de l'annonce
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/301681/windgate-apartments
Marcus & Millichap has been selected to exclusively market for sale Windgate Apartments, a 22-unit multifamily property located in Hixson, a core Chattanooga submarket. This offering provides investors the opportunity to acquire a value-add asset with proximity to major employment, retail corridors, and downtown Chattanooga.
Built in 1988 on a 1.25-acre site, Windgate Apartments features a unit mix dominated by one-bedroom residences and has benefited from recent capital improvements, including a full roof replacement in 2025. Eleven units have been renovated, with six completed within the past 18 months, creating a clear path for continued interior upgrades and rental growth. The property is individually metered for electric, includes utility reimbursement for water, sewer, and trash, and is constructed with durable features such as slab foundations, PVC plumbing, and copper wiring, supporting stable operations and long-term ownership.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Windgate Apartments.
Marcus & Millichap has been selected to exclusively market for sale Windgate Apartments, a 22-unit multifamily property located in Hixson, a core Chattanooga submarket. This offering provides investors the opportunity to acquire a value-add asset with proximity to major employment, retail corridors, and downtown Chattanooga.
Built in 1988 on a 1.25-acre site, Windgate Apartments features a unit mix dominated by one-bedroom residences and has benefited from recent capital improvements, including a full roof replacement in 2025. Eleven units have been renovated, with six completed within the past 18 months, creating a clear path for continued interior upgrades and rental growth. The property is individually metered for electric, includes utility reimbursement for water, sewer, and trash, and is constructed with durable features such as slab foundations, PVC plumbing, and copper wiring, supporting stable operations and long-term ownership.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Windgate Apartments.
Faits sur la propriété
| Prix | 3 506 148 $ CAD | Classe d’immeuble | C |
| Prix par unité | 159 370 $ CAD | Taille du lot | 1,25 AC |
| Type de vente | Investissement | Taille du bâtiment | 12 864 pi² |
| Taux de capitalisation | 6,58% | Occupation moyenne | 100% |
| Nombre d’unités | 22 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1988 |
| Sous-type de propriété | Appartement | ||
| Zonage | R1 | ||
| Prix | 3 506 148 $ CAD |
| Prix par unité | 159 370 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,58% |
| Nombre d’unités | 22 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 1,25 AC |
| Taille du bâtiment | 12 864 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1988 |
| Zonage | R1 |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 16 | - | - |
| 2+2 | 4 | - | - |
1 1
Assez practicable à pied
50/100
Exceptionnellement facile d'accès en voiture
100/100
Transports en commun limités
30/100
Plutôt praticable en vélo
40/100
Impôts fonciers
| Numéro de lot | 110I-J-016 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 1 014 225 $ CAD |
Impôts fonciers
Numéro de lot
110I-J-016
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
1 014 225 $ CAD
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Windgate Apartments | 1802 Hamill Rd
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