Senior subsidized apartments. 23 one bedroom 600 sq. ft. with rental assistance. 1 unit without. Subsidy runs with the property. Additional subsidies to owner from management and maintenance through 515 Rural Rental housing program. Property may be sold without the 515 program and tenants could remain with voucher subsidy. Easy management and waiting list of prospective tenants. On site laundry with modest income. 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 prefers 1031 exchange with sale. Prolong closing may occur with exchange and payoff.
Listing courtesy of Berkshire Hathaway HomeServices Alliance Real Estate.
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