TN > Kingsport
Kingsport, TN 37660,893 New Beason Well Rd
Kingsport, TN 37660,893 New Beason Well Rd
Kingsport, TN 37660,893 New Beason Well Rd
Kingsport, TN 37660,893 New Beason Well Rd
Kingsport, TN 37660,893 New Beason Well Rd
Kingsport, TN 37660,893 New Beason Well Rd
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Olena Rurenko

Olena Rurenko

+1(865) 401-5520
$ 6,120,000
Est. payment | /mo

78,524 SqFt

Save
$ 6,120,000
Est. payment | /mo
Save

78,524 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 78,524 sqft

Price per Sqft $77

MLS Listing ID 1292219

Originating Board East Tennessee REALTORS® MLS

Year Built 2003

Property Description

Located in Kingsport, TN, Beason Well was built in 2003 and is comprised of 72 units. This affordable apartment community is 96% occupied and has a unit mix consisting of 2 and 3 bedroom units. Community amenities include on-site maintenance, a playground, breakfast/concierge area, and a picnic area. Each unit has washer / dryer hookups. Current average effective rent figures are at a 15% deficit of what could be collected if max rents were being charged.

This property is part of a 148 unit, three property LIHTC portfolio being sold in East Tennessee.

Location

State TN

County Sullivan County

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Central Cooling

Flooring Laminate, Vinyl

Heat Source Central

Exterior

Parking Features On Premise Parking

Garage Description On Premise Parking

Roof Type Shingle

Garage No

Building

Faces From E Stone Dr (US-11W N). Go for 0.7 mi. Turn left onto New Beason Well Rd. Go for 0.5 mi. Turn left towards Beason Well Apartments. Go for 0.1 mi.

Structure Type Brick

Others

Tax ID 031040.50

Energy Description Other Fuel

Acceptable Financing New Loan, Cash, Conventional

Listing Terms New Loan, Cash, Conventional

Listed by SVN I Wood Properties
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(865) 401-5520

olena@olenarurenko.com

308 N. Peters Road Suite 225, Knoxville, TN, 37922

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893 New Beason Well Rd