Property Detail

Description

The site is fully RTI (Ready to Issue) and ready to break ground. The project consists of a total of 46 units, 100% affordable housing, including 44 one-bedroom units. Construction is straightforward, with efficient building costs and materials. There is alley access at the rear of the property. No parking is required, and there is no tenant relocation involved. The area demonstrates strong demand for affordable housing. The total covenant signed with the City projects an annual income of approximately +/- $1.1 million. The broker representing the sale is a partial owner of the property, and all owners are family related parties.