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