992 Old Reservoir Rd, Maryville, TN 37804
8 Multifamily Properties in Multiple Locations
For Sale
Active
5 pictures
- Property Type
-
Multifamily
- Square Feet
- 354,804 SF
Listing Contacts
Cohl Morgan
Kevin Tipton
Property Overview
SVN | Wood Properties is pleased to present this Section 515 Multifamily Portfolio in East Tennessee. This portfolio consists of nine properties that include 364 units. Each property participates in the section 515 program. Section 515 Rural Rental Housing Loans are mortgages provided by USDA to provide affordable rental housing for low-income families in rural areas. Rental rate increases are determined each year by USDA and many tenants receive rental assistance. There is a critical need for affordable housing in rural America, evidenced by this portfolio's average occupancy of 90%. The current owner has excellent management personnel and infrastructure in place that can remain with the property after the sale.
Please contact Kevin and Cohl for more information.
Pricing is subject to offers.
Please contact Kevin and Cohl for more information.
Pricing is subject to offers.
Highlights
- East Tennessee Section 515 RD Portfolio
- 364 Units
- High Occupancy
- 9 Properties in 5 Counties
All available spaces
- Space
- Grant Apartments
- Size
- 62,037 SF
- Space Subtype
- Multifamily
- Space
- Bicentennial Apartments
- Size
- 36,466 SF
- Space Subtype
- Multifamily
- Space
- Mountainview Apartments
- Size
- 49,904 SF
- Space Subtype
- Multifamily
- Space
- Blue Ridge Apartments
- Size
- 20,328 SF
- Space Subtype
- Multifamily
- Space
- Clinch View Apartments
- Size
- 28,468 SF
- Space Subtype
- Multifamily
- Space
- Coopertown Apartments
- Size
- 51,609 SF
- Space Subtype
- Multifamily
- Space
- Oak Park Apartments
- Size
- 81,312 SF
- Space Subtype
- Multifamily
- Space
- South Fork Associates
- Size
- 24,680 SF
- Space Subtype
- Multifamily
Nearby Properties
FAQ
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