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La Trinidad Elderly - HUD Building FOR SALE

  SOLD May 2022 for $2,450,000

Lot No. 11, Castillo Street, Quinto Ward, Ponce 00730


Building Size75,639 Square Feet
Land Size30,522 Square Feet
Units130
ZoningZH (Historic Zone)
WaterYes
SewerYes
ElectricYes
Year Built1970
ConstructionReinforced 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

La Trinidad Elderly Apartments Video


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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