Senior subsidized apartments. 23 one bedroom 600 sq. ft. with rental assistance. 1 unit without. Subsidy runs with the property. Easy management and waiting list of prospective tenants. On site laundry with modest income. Special financing available through USDA/Farm and Home. Existing loan is an assumable Sec 515 with interest credit through Dept of Agriculture. 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.
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