811-823 N Huron Street & 315 Elm Street
Property Description
95% PROJECT-BASED SECTION 8 PORTFOLIO The Toledo HAP Portfolio benefits from two Project Based Section 8 contracts covering 95% of the units. Both properties operate under Option 4 HAP contracts, with expiration dates of May 2028 for Byram Properties and December 2028 for JAC Rentals. OPPORTUNITY FOR LIHTC REHABILITATION AND LONG-TERM PRESERVATION Both properties are situated within a Qualified Census Tract, offering potential for LIHTC rehabilitation with an enhanced eligible basis, subject to program requirements, to support capital improvements and long-term affordable housing preservation. DIVERSE UNIT MIX FEATURING SPACIOUS FLOOR PLANS The portfolio offers one-, two-, and three-bedroom apartments ranging from approximately 518 to 1,250 square feet. Three-bedroom residences comprise 20% of the portfolio and range from approximately 1,045 to 1,250 square feet.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 20 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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