2995 Blue Springs Pkwy, Greeneville, TN 37743

$3,000,000
Property Type: Multi-Family Square Footage: 38,072 Status: Closed
Current Price: $3,000,000 List Date: 3/10/2025 Last Modified: 8/18/2025

Overview

Description

Located in Greeneville, TN, Blue Springs Village was built in 2007 and is comprised of 40 units. This affordable apartment community is 100% occupied and has a unit mix consisting of 1, 2, and 3 bedroom units. Community amenities include a playground, disability access, and emergency maintenance. Each unit has washer / dryer hookups. Blue Springs Village is roughly 14% below the maximum allowable rents established by HUD. This property is part of a 148 unit, three property LIHTC portfolio being sold in East Tennessee.

Listing Details MLS# 1292779

Location Tax Legal Info

House #
2995
Street Name
Blue Springs
St Suffix
Pkwy
State/Province
TN
Zip Code
37743
PIN #
085018.02

Contract Info

Auction Y/N
No
Listing Price
3400000

General Property Description

SqFt - Total (Aprox)
38072
Lot Dimensions
n/a
Number of Units
40
# Units Leased
39
Utilities/Mo Avg
2601.1
Year Built
2007
Property Status
N/A
Driveway
Paved

Status Change Info

Status Change Date
2025-08-18
Under Contract Date
2025-05-27
Sold Date
2025-08-15

Location, Tax & Legal Info

Area
Greene County - 57
City/County Code
County
Total Tax
18161.22

Remarks & Misc

Directions
Head northwest on W Andrew Johnson Hwy (US-11E S). Go for 0.1 mi. Make a U-Turn onto W Andrew Johnson Hwy (US-11E N). Go for 0.8 mi. Take ramp onto W Summer St (US-11E-BR S) toward US-11E-BR/Downtown/Greeneville. Go for 1.7 mi. Arrive at property.
Public Remarks
Located in Greeneville, TN, Blue Springs Village was built in 2007 and is comprised of 40 units. This affordable apartment community is 100% occupied and has a unit mix consisting of 1, 2, and 3 bedroom units. Community amenities include a playground, disability access, and emergency maintenance. Each unit has washer / dryer hookups. Blue Springs Village is roughly 14% below the maximum allowable rents established by HUD. This property is part of a 148 unit, three property LIHTC portfolio being sold in East Tennessee.

More Information

Property Sub-Type

Apartment
Yes

Construction

Frame - Brick
Yes

Type of Units

1 Bedroom Unit
Yes
2 Bedroom Unit
Yes
3 or more Bdrm Units
Yes

Sale Includes

Building and Land
Yes

Miscellaneous

Patio
Yes
Playparks
Yes
Washer/Dryer Cnctns
Yes

Cooling

Ceiling Fan(s)
Yes

Floors

Carpet
Yes
Laminate
Yes
Vinyl
Yes

Garage/Parking

On Premise Parking
Yes

Fuel

Other Fuel
Yes

Heat

Central
Yes

Other Rooms

Other
Yes

Roof

Shingle
Yes

New Financing

Cash
Yes
Conventional
Yes
New Loan
Yes

Showing

See Agent Instructns
Yes

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; 3 or more Bdrm Units Sale Includes: Building and Land Floors: Carpet; Laminate; Vinyl Fuel: Other Fuel Heat: Central Cooling: Ceiling Fan(s) Construction: Frame - Brick Roof: Shingle Other Rooms: Other Miscellaneous: Patio; Playparks; Washer/Dryer Cnctns New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns
Listing Office: SVN I Wood Properties
IDX
Office Phone: 865-936-9999
Last Updated: August - 18 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.