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Villages of Oakland 9120 Feathers Chapel Dr 14 Unit Apartment Building $2,499,000 ($178,500/Unit) Somerville, TN 38068
Investment Highlights
- Multi Family
- Fayette County
Executive Summary
7 buildings (duplexes) 14 total spaces. Villages of Oakland.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$185,520
|
$14.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$185,520
|
$14.49
|
| Taxes |
$7,502
|
$0.59
|
| Operating Expenses |
$10,649
|
$0.83
|
| Total Expenses |
$18,151
|
$1.42
|
| Net Operating Income |
$167,369
|
$13.08
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $185,520 |
| Annual Per SF | $14.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $185,520 |
| Annual Per SF | $14.49 |
| Taxes | |
|---|---|
| Annual | $7,502 |
| Annual Per SF | $0.59 |
| Operating Expenses | |
|---|---|
| Annual | $10,649 |
| Annual Per SF | $0.83 |
| Total Expenses | |
|---|---|
| Annual | $18,151 |
| Annual Per SF | $1.42 |
| Net Operating Income | |
|---|---|
| Annual | $167,369 |
| Annual Per SF | $13.08 |
Property Facts
| Price | $2,499,000 | Building Class | C |
| Price Per Unit | $178,500 | Lot Size | 11.76 AC |
| Sale Type | Investment | Building Size | 12,800 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Townhome | ||
| Zoning | R-4 - Multi-family zoning | ||
| Price | $2,499,000 |
| Price Per Unit | $178,500 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 11.76 AC |
| Building Size | 12,800 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2018 |
| Zoning | R-4 - Multi-family zoning |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 14 | - | 916 |
Property Taxes
| Parcel Number | 065-002.00 | Total Assessment | $711,080 (2025) |
| Land Assessment | $92,200 (2025) | Annual Taxes | $7,502 ($0.59/SF) |
| Improvements Assessment | $618,880 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
065-002.00
Land Assessment
$92,200 (2025)
Improvements Assessment
$618,880 (2025)
Total Assessment
$711,080 (2025)
Annual Taxes
$7,502 ($0.59/SF)
Tax Year
2024
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Villages of Oakland | 9120 Feathers Chapel Dr
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