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908 Chadwick Dr 25 Unit Apartment Building $1,545,000 ($61,800/Unit) Kingsport, TN 37660
Investment Highlights
- 25 Units
- Value Add Properties
- 100% Occupied
Executive Summary
PWA Properties is pleased to present a 25-unit multifamily portfolio in Kingsport, Tennessee. The portfolio is currently 100% occupied and consists of six buildings with a unit mix of twenty 1 bed /1 bath units and five 3 bed / 1.5 bath units. Located approximately five minutes from downtown Kingsport, the property offers stable in-place income with value-add potential through future improvements and rent growth.
This portfolio is located in Kingsport, TN which is anchored by major employers including Eastman Chemical Company and Ballad Health, providing a strong and stable employment base. The area offers convenient access to a range of retail, dining, and recreational amenities, along with proximity to the Tri-Cities region, supporting continued residential demand.
Sale includes:
908 Chadwick Drive
912 Chadwick Drive
945 Chadwick Drive
948 Chadwick Drive
1000 Derwood Court
1005 Tranbarger Drive
This portfolio is located in Kingsport, TN which is anchored by major employers including Eastman Chemical Company and Ballad Health, providing a strong and stable employment base. The area offers convenient access to a range of retail, dining, and recreational amenities, along with proximity to the Tri-Cities region, supporting continued residential demand.
Sale includes:
908 Chadwick Drive
912 Chadwick Drive
945 Chadwick Drive
948 Chadwick Drive
1000 Derwood Court
1005 Tranbarger Drive
Property Facts
| Price | $1,545,000 | Building Class | C |
| Price Per Unit | $61,800 | Lot Size | 1.74 AC |
| Sale Type | Investment | Building Size | 17,766 SF |
| No. Units | 25 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Garden | ||
| Zoning | R3 | ||
| Price | $1,545,000 |
| Price Per Unit | $61,800 |
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 17,766 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | R3 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 029L-C-044.00 | Improvements Assessment | $67,840 |
| Land Assessment | $10,720 | Total Assessment | $78,560 |
Property Taxes
Parcel Number
029L-C-044.00
Land Assessment
$10,720
Improvements Assessment
$67,840
Total Assessment
$78,560
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