For Sale
For Sale
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Overview
Wheeler Rd. Facility across street from Pembroke School All under one roof, these 40 units are full and there is a waiting list of for residents. Listed at an 8 CAP equal to $33,750/unit. Currently owned with an assumable Rural Development Loan. 70% of rent collect with Gov. rental assistance. To maintain occupancy and rental assistance, certain guidelines apply for purchase structure. Property in "Good" condition. Management in place could possibly stay on after sale.
Property Details
Wheeler Rd. Facility across street from Pembroke School All under one roof, these 40 units are full and there is a waiting list of for residents. Listed at an 8 CAP equal to $33,750/unit. Currently owned with an assumable Rural Development Loan. 70% of rent collect with Gov. rental assistance. To maintain occupancy and rental assistance, certain guidelines apply for purchase structure. Property in "Good" condition. Management in place could possibly stay on after sale.
- Property TypeMulti-Family
- Sale Price$1,350,000
- Total Building Size40,000RSF
- Sale StatusAvailable
- Property ID2162662