East TN Sect 515 Multifamily Portfolio
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East TN Sect 515 Multifamily Portfolio
8 Multifamily Properties in Multiple Locations
Investment Highlights
- East Tennessee Section 515 RD Portfolio
- High Occupancy
- 364 Units
- 9 Properties in 5 Counties
Executive Summary
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.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Under Contract | Total Building Size | 354,804 SF |
| Number of Properties | 8 | Total Land Area | 35.75 AC |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 8 |
| Individually For Sale | 0 |
| Total Building Size | 354,804 SF |
| Total Land Area | 35.75 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Blue Ridge Apartments
170 Lloyd St, Oneida, TN 37841 |
Multifamily | 20,328 SF | 1976 | - |
|
Clinch View Apartments
502 Clinch View Apts, Rutledge, TN 37861 |
Multifamily | 28,468 SF | 1975 | - |
|
Coopertown Apartments
358 Eli Ln, Oneida, TN 37841 |
Multifamily | 51,609 SF | 1990 | - |
|
Oak Park Apartments
310 Oak Park Dr, Oneida, TN 37841 |
Multifamily | 81,312 SF | 1985 | - |
|
South Fork Associates
200 South Fork Dr, Helenwood, TN 37755 |
Multifamily | 24,680 SF | 1983 | - |
|
Mountainview Apartments
330 Hardin Ln, Sevierville, TN 37862 |
Multifamily | 49,904 SF | 1988 | - |
|
Bicentennial Apartments
306 Main St, Maynardville, TN 37807 |
Multifamily | 36,466 SF | 1976 | - |
|
Grant Apartments
992 Old Reservoir Rd, Maryville, TN 37804 |
Multifamily | 62,037 SF | 1986 | - |
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East TN Sect 515 Multifamily Portfolio
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