Multifamily
Chadwick Derwood Apartments
908 Chadwick Dr, Kingsport, TN 37660
Listing Price: $1,590,000
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale this property in Kingsport, TN. This offering will allow a potential investor to purchase a rare value-add opportunity.
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. Offers should be delivered to the attention of the Listing Agents.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF CHADWICK DERWOOD APARTMENTS
The subject property is adjacent to a separate 33-unit listing in Kingsport, TN click the link below for the deal room for the Chadwick Apartments. Assets may be bought together or separately.
https://www.marcusmillichap.com/properties/139305/chadwick-apartments
Chadwick Derwood Apartments
Investment Highlights
- Rents are currently $232 below market rate
- Tranbarger, Derwood, 908, and 912 Chadwick on a single water meter. 945 and 948 Chadwick each unit is metered separately for water. Opportunity for new ownership to bill back $25-$50/month for water
- copper wiring and plumbing
- Buildings built on a slab
Exclusively Listed By
Financing By
Listing Price: $1,590,000
Investment Highlights
- Rents are currently $232 below market rate
- Tranbarger, Derwood, 908, and 912 Chadwick on a single water meter. 945 and 948 Chadwick each unit is metered separately for water. Opportunity for new ownership to bill back $25-$50/month for water
- copper wiring and plumbing
- Buildings built on a slab
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale this property in Kingsport, TN. This offering will allow a potential investor to purchase a rare value-add opportunity. 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. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF CHADWICK DERWOOD APARTMENTS The subject property is adjacent to a separate 33-unit listing in Kingsport, TN click the link below for the deal room for the Chadwick Apartments. Assets may be bought together or separately. https://www.marcusmillichap.com/properties/139305/chadwick-apartments
Exclusively Listed By
Financing By
