La Trinidad Elderly - HUD Building FOR SALE
Lot No. 11, Castillo Street, Quinto Ward, Ponce, 00730
Sold: $2,450,000
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
Property Description
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
