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893 New Beason Well Rd, Kingsport, TN 37660
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$6,120,000
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Home Details for 893 New Beason Well Rd
Price
$6,120,000
Type
Multi Family
Year Build
2003
County
Sullivan County
MLS®️ Listing#
1292219
On exitrealty.com
203 days
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.
- Cooling Information
- Central Air
- Heating Information
- Central
Listing Courtesy: SVN I Wood Properties - 865-637-7777
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright ©2025 Knoxville Area Association of REALTORS® Multiple Listing Service. All Rights Reserved.
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$6,120,000
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