Qualified Contract eligible in 2027 with market rate multifamily rents in the surrounding area $70 to $110 above the current net maximum allowable limits
Property is offered free and clear of current financing. Multiple years of interest-only financing is available
Property has more than 50% of tenants utilizing some form of housing voucher, allowing for a more insulated and consistent income
A mix of one-, two-, and three-bedroom units featuring a balcony or patio, walk-in closet(s), laminate floors, microwave, dishwasher, garbage disposal, air conditioning, and in-unit washer and dryer connections
Community amenities include a business center, clubhouse, community room, swimming pool, on-site laundry facility, barbecue and picnic area, playground, and leasing office
Recent capital expenditures include flooring improvements