Categories
Apartments
About this property
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
Property details
- Property Type
- Residential
- Building Type
- Freestanding
- Building Size
- 75,639 sqft
- Land Size
- 30,522 sqft
- Units
- 130
- Sewer
- Yes
- Water
- Yes
- Zoning
- ZH (Historic Zone)
- Electric
- Yes
- Year Built
- 1970
- Construction
- Reinforced Concrete
Location
- Address
-
Lot No. 11, Castillo Street, Quinto Ward
Ponce, 00730