× CLICK TO SELL YOUR APARTMENTS NOW! GARMAN TV AVAILABLE MULTI-FAMILY GARMAN PODCAST About Darin
Aossey Lane Properties
  • Property Size:32 Unit
  • Location:Cedar Rapids, IA
  • Projected Cash Flow Return Year 1:7%
  • Projected Cash Flow Return Year 3:8.8%
  • Projected Overall Return:12.9%
ABOUT THIS 32 UNIT PROPERTY:

The time has come for you to own your very own Low Income Housing Tax Credit Property.  These 32 units are not only in a good convenient location for the residents but also have low, low property taxes as well that will add handsomely to the bottom line.  The property condition is fantastic and the management has been very, very good over the years too.  

RESIDENTS LOVE IT AND INVESTORS WILL LOVE IT MORE:

With large (2) bedroom units with the residents ALSO having their heat and water paid for this is an ever attractive property to the right investor that wants to add more or add to their LIHTC property portfolio. 

RENTS, EXPENSES  AND PROPERTY VIDEO:

The average rent is over $665 for these units and the majority of them have been updated too, so, there is not a lot of capital needed to get the property to "where it needs to be" condition wise.  Though not perfect the maintenance free exterior along with the variety of improvements made over the last three years make this a good project for the long term.  

An informative video on this property can be found right here: http://www.onlinemeetingnow3.com/seminar/?id=mxqgizaj4m 

More information, including detailed financials, can be accessed by QUALIFIED INVESTORS by accessing the informational VIDEO here as well as obtaining the income and expense information by completing the form below. 

FOR MORE INFORMATION PLEASE FILL OUT THE FORM
BELOW. WE’LL SEND YOU INFORMATION AS SOON AS POSSIBLE.