Kingston 407 | 407 N 4th St
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Kingston 407 407 N 4th St
16 Unit Apartment Building $1,650,000 ($103,125/Unit) 7.95% Cap Rate Kingston, TN 37763
Investment Highlights
- Fully Leased
- 7.95 Cap
- 11 of 16 Units Renovated
- Walking distance to downtown
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$208,560
|
$16.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,000
|
$0.78
|
| Effective Gross Income |
$198,560
|
$15.43
|
| Taxes |
$8,398
|
$0.65
|
| Operating Expenses |
$58,987
|
$4.58
|
| Total Expenses |
$67,385
|
$5.24
|
| Net Operating Income |
$131,175
|
$10.19
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $208,560 |
| Annual Per SF | $16.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $0.78 |
| Effective Gross Income | |
|---|---|
| Annual | $198,560 |
| Annual Per SF | $15.43 |
| Taxes | |
|---|---|
| Annual | $8,398 |
| Annual Per SF | $0.65 |
| Operating Expenses | |
|---|---|
| Annual | $58,987 |
| Annual Per SF | $4.58 |
| Total Expenses | |
|---|---|
| Annual | $67,385 |
| Annual Per SF | $5.24 |
| Net Operating Income | |
|---|---|
| Annual | $131,175 |
| Annual Per SF | $10.19 |
Property Facts Under Contract
| Price | $1,650,000 | Apartment Style | Garden |
| Price Per Unit | $103,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 7.95% | Building Size | 12,870 SF |
| Gross Rent Multiplier | 7.91 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1973/2024 |
| Property Subtype | Apartment |
| Price | $1,650,000 |
| Price Per Unit | $103,125 |
| Sale Type | Investment |
| Cap Rate | 7.95% |
| Gross Rent Multiplier | 7.91 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 12,870 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2024 |
Unit Amenities
- Air Conditioning
- Balcony
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $900.00 | 535 |
| 2+1.5 | 8 | $1,195 | 1,070 |
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Kingston 407 | 407 N 4th St
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