Senior subsidized apartments. 23 one bedroom 600 sq. ft. with rental assistance. 1 unit without. Subsidy runs with the property. Not a tenant voucher. Easy management and waiting list of prospective tenants. On site laundry with modest income. ASSUMABLE LOAN at 10.75 with a government subsidy Sec 515 with interest credit through Dept of Agriculture EFFECTIVE RATE 1%. Additional financing available through USDA/Farm and Home. Possible MHDC rehab loan under preserving affordable housing. Extra land possible for adding extra buildings or other business. Please do not disturb tenants. No sign on property. Owner wants 1031 exchange with sale. Prolong closing may occur.
Listing courtesy of Berkshire Hathaway HomeServices Alliance Real Estate.
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