Investment opportunity with tenants in place offering cash flow. Property includes 24 units across six separate quadraplex buildings, with 1- and 2-bedroom units. The property currently operates as USDA subsidized low-income housing under the USDA Rural Development (RD) Section 515 program and remains subject to applicable federal regulations through 4/16/31, when the current RD loan term expires. Buyer cannot prepay loan, loan effective rate is 1%.Prospective buyers and any new management company (if current PM is not retained) require PRIOR RD review and approval. Ownership and management must maintain compliance with RD administration requirements through 4/16/31. Buyers should review the applicable RD handbook for transfer requirements or go to for instructions on how to initiate the RD buyer approval process. Seller reserves the right to continue marketing the property, review alternative offers, and negotiate terms until ownership and USDA approvals have been obtained and closing documents are fully executed. No offer, LOI, draft agreement, or executed PSA shall be deemed accepted until executed by the Seller. Seller evaluating all Cash offers and not accepting seller financing options.
