Portfolio, Multiple Addresses
Grass Valley, Ukiah, Jame, CA
Multi-family for Sale - $28,472,000 - 200,000 Sq. Ft.
Property Info
| CIMLS# | 576422 |
| Location Portfolio, Multiple Addresses Grass Valley, Ukiah, Jame CA 95945 | |
| Updated | December 2nd, 2013 |
| Type | Multi-family |
| Price | $28,472,000 |
| Building | 200,000 Sq. Ft. |
Property Description
The Section 515 direct loan program provides financing to support the development of rental units in rural areas that need housing affordable for very low, low, and moderate income households, and where this housing is unlikely to be provided through other means.
These properties are ideal for buyers who understand the 515 program. Brokers, please confirm that your buyer is familiar with this program.
Location Description:
Nine garden-style apartment properties located in Northern California: four in Grass Valley, two in Ukiah, one in Jamestown, one in Colusa, and one in Columbia.
Highlights:
>> USDA Section 515 Development
>> Ideal for Non-Profit Investors
>> Original Owner, Over 10 Year Hold
>> Motivated Seller
>> Nine Properties / 400 Units
Financials
Sales Info:
>> Commision split: 3.0%