La Trinidad Elderly - HUD Building FOR SALE
SOLD May 2022 for $2,450,000
Lot No. 11, Castillo Street, Quinto Ward, Ponce 00730
| Building Size | 75,639 Square Feet |
| Land Size | 30,522 Square Feet |
| Units | 130 |
| Zoning | ZH (Historic Zone) |
| Water | Yes |
| Sewer | Yes |
| Electric | Yes |
| Year Built | 1970 |
| Construction | Reinforced Concrete |
130-Unit Elderly Apartment Facility Under HUD Section 8 HAP Program and Low Income Housing Tax Credits / IRC Section 42 Program, currently generating income.
- REDUCED PRICE: $3,300,000 - MOTIVATED SELLER
- Prime investment opportunity with stable cash flow
- Offers excellent Return on Investment, with tremendous upside potential upon lease-up of vacant space
- Located in the heart of the Historic District
- Built in the 1970’s / fully refurbished in 2012 ($14.5 M)
- 15 stories with 130 one-bedroom units, each individually metered
- Typical floor plate: Approximately 5,000 square feet
- Two (2) passenger elevators
- 100% Emergency backup power
- Security camera surveillance system
- Sprinkler system
- Located in a federally approved Opportunity Zone
Agents
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Office Phone: (787) 778-7000Mobile: (787) 439-8884
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Office Phone: (787) 778-7000Mobile: (787) 518-6676
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.