Wingate at Belle Meadows Apartments

  • Price: $Market Bid
  • Address:

    5 Bella Meadows Drive
    Dayton, OH

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Description

UNIT COUNT:  240    |    ACREAGE:   22.26 |  LIHTC:  2010  |  YEAR BUILT:  1976

Affordable Housing Advisors, listed in conjunction with Marcus & Millichap’s Andrews Dickman Group, are pleased to present the opportunity to acquire Wingate at Belle Meadows Apartments, a 240-unit affordable housing property located in Dayton, OH. This opportunity is being offered without an asking price.

Investment Highlights:

The property received an allocation of Low Income Housing Tax Credits pursuant
to Internal Revenue Code §42 and is subject to rent and income restrictions for a
minimum of 30 years; Placed-in-Service (PIS) year: 2010; End of Initial
Compliance Period: December 31, 2025; End of Extended Use Period: 2040
Located in a Qualified Census Tract (130% basis) for Low Income Housing Tax
Credit rehabilitation
Property amenities include clubhouse, business center, laundry facilities, picnic
area, tennis courts and playground
Unit features include patio/balcony, washer/dryer connections, dishwasher, central
air conditioning and walk-in closets
Separately metered for gas (heat), electric & water
Excellent unit mix: 76% of the units are 2BR & 3BR apartments or townhomes
Over $175,000 of recent property improvements (roof replacement)

Listing Details

Price:$Market Bid
Address:5 Bella Meadows Drive
City:Dayton
State:OH
Year Built:1972/2004
Floors:2
Acres:22.26
Property Type:MultiFamily LIHTC
Condition:Wood Frame
Exterior:Brick Exterior/Pitched Roof
Interior:Rehabbed in 2004
Flooring:Carpet & Vinyl
Heat/Cool:Individual HVAC
Parking:Surface
Laundry:Community Laundry with 2 & 3 Bedroom Hook Ups
Utilities:All Individual Metered

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