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.
GREAT BUSINESS OPPORTUNITY!!! This is a rare change to own investment property in the heart of town. The skies the limit on this 2-story, 10 room building. The choice is yours...use it for your residence or rent each room. In addition, it has a full kitchen and two full baths. On the outside is a wrap around porch, plentry of parking and a nice level yard. Directly behind is a 4-plex apartment complex. Each apartment features a kitchen with appliances, a livingroom, 2 bedrooms, a full bath and a laundry room. Below the apartments, you'll find 5 rented storage rooms. The only thing missing is YOU! This sale includes 716, 718, 720 and 722 Maple.