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893 New Beason Well Rd, Kingsport, 37660

Priced At: $6,120,000

Property Details for ID: 1292219

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SqFt: 78,524
Price SqFt: $78
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2025-03-10T18:32:27Z

Public Remarks: 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.

Schools Information

Sorry, school information is not available for this listing.

Building Description

Year Built: 2003
SqFt (Total): 78,524
Sub-Type: Apartment
Sale Includes: Building and Land
Unit Type(s): 2 Bedroom Unit, 3 or more Bdrm Units

  Exterior Features

Construction: Frame - Brick

  Appliances

  Room Dimensions

  Interior Features

Floors: Laminate, Vinyl
Other Rooms: Other

  Property Details

Utilities

Fuel Types: Other Fuel

Financing

Finance Options: Cash, Conventional, New Loan

  HOA Information

Heating & Cooling

Cooling Type(s): Central Cooling
Heat Type(s): Central

Garage / Parking

On Premise Parking

  Community Features

Outbuildings

Presented By: / SVN I Wood Properties

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

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.



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Blair Scott LLC, dba Crown and Anchor Realty is a licensed Tennessee Real Estate Firm. Firm License 259496. Some or all of the Listing Displayed on this Site may not belong to Crown And Anchor Realty. The data relating to real estate for sale on this website is being provided for the consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. This data is believed to be correct, but interested parties should confirm the data before relying on it in a purchase decision.

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