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Villages of Oakland 9120 Feathers Chapel Dr 14 Unit Apartment Building $2,650,000 ($189,286/Unit) Somerville, TN 38068

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INVESTMENT HIGHLIGHTS

  • Multi Family
  • Fayette County

EXECUTIVE SUMMARY

7 buildings (duplexes) 14 total spaces. Villages of Oakland.

ATTACHMENTS

Layout

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 $2,650,000
Price Per Unit $189,286
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

PROPERTY TAXES

Parcel Number
065-002.00
Land Assessment
$41,080
Improvements Assessment
$435,000
Total Assessment
$476,080
Annual Taxes
$7,502 ($0.59/SF)
Tax Year
2024
  • Listing ID: 36666035

  • Date on Market: 7/9/2025

  • Last Updated:

  • Address: 9120 Feathers Chapel Dr, Somerville, TN 38068

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