
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
Listing Details
Price: | $Market Bid |
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Address: | 5 Bella Meadows Drive |
City: | Dayton |
State: | OH |
Year Built: | 1972/2004 |
Floors: | 2 |
Acres: | 22.26 |
Property Type: | MultiFamily LIHTC |
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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 |