Detailed information about property which situated in Hixson (37343) city, Tennessee state on 4405 Delashmitt Rd.
Multi-family area near Northgate Shopping Center
Additional Information: Nice apartment complex with 4 buildings. There are 27 apartments (18-2 Bedroom and 9-1 bedroom. Most units have been updated in the last 5 years. Most windows have been replaced. Minor cosmetic exterior work is needed on 2 rear buildings. Other 2 buildings are in excellent condition. Roofs have been replaced. Roof facades need replacement. The owner will provide a $20,000 allowance for this work. The 18-2 bedroom apartments have 1.5 baths. Current rent is $500/month. The 8-1 bedroom apartments have 1.5 baths. Current rent is $450/month. All apartments have a $300 deposit on file and each tenant has a 1-year lease. Excellent location near business area in Hixson. Gross annual income for 2012 was $128,460.Gross annual income for 2011 was $128,000. Gross annual income for 2010 was $119,000. Annual taxes are 17,008, annual insurance is about $6,500. Water is about $700/month. Annual Management fee is $6,264. There have been from 0-4 vacancies in the last year. On average there have been between 1-2 vacancies. A Cap Rate of 9.5 is based on 6% vacancy rate and $5,000 annual maintenance.
Property Address: 4405 Delashmitt Rd, Hixson TN 37343
Cost: $985,000NOTE: Please contact with Joseph M Pleva if you want to get more accurate details about pricing and availability of .
property details
Broker Contacts
All information about that located on 4405 Delashmitt Rd, Hixson, TN 37343 was obtained from reliable sources, but we cannot guarantee that all data about pricing, details of the building and property was completed without error or has not been changed without notice or withdrawal without notice. If you want to get complete and actual information, please contact with agents.
You can register in member aria, and add your home in our FREE rentals search database.