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.
For sale
$6,120,000
893 New Beason Well Rd, Kingsport, TN 37660
--beds
0baths
78,524sqft
Est.:
Multi Family
Built in 2003
-- sqft lot
$-- Zestimate®
$78/sqft
$-- HOA
What's special
- 47 days
- on Zillow |
- 271 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: March 10, 2025 at 11:33am
Listed by:
Cohl Morgan 865-603-9887,
SVN I Wood Properties 865-637-7777
Source: East Tennessee Realtors,MLS#: 1292219

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Laminate, Vinyl
Interior area
- Total structure area: 78,524
- Total interior livable area: 78,524 sqft
Property
Parking
- Parking features: On Premise Parking
Details
- Parcel number: 031040.50
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 2003
Community & HOA
Location
- Region: Kingsport
Financial & listing details
- Price per square foot: $78/sqft
- Date on market: 3/10/2025
- Listing terms: New Loan,Cash,Conventional
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