925 W Gorman St, Elkhorn

$675000.0
Listing Courtesy of Century 21 Affiliated Pfister
 
Remarks:
32 unit apartment complex in Elkhorn. 16-1 bedroom, 14-2 bedroom, 2-3 bedroom units. Tenants pay electric heat. Large 2.5 acre lot. 4 washers and 4 dryers are leased. Property is in the USDA Rural Development Low Income Housing Program. Property is required to stay in the RD program until 12/6/2033. This RD program allows renting only to low income tenants. Rents are controlled. Profits limited to $3,304 per year. Must be professionally managed. Purchase: NO NEW LOANS can be taken on this property. Buyer assumes current mortgage of (approx. $17K balance) and brings cash to closing equal to difference between purchase price and mortgage balance. See documents for details.
 
Listing Information:
Listing Provided Courtesy of Century 21 Affiliated Pfister

For more information, please call 1-877-233-7356
 
Square Feet: 0
Bedrooms: 1
Est. Age: 1983
Bathrooms: Full: 0 3/4: 0 1/2: 0 1/4: 0
Garage:
Style:
MLS Number: 1923893
Taxes:
Elementary School: Call School District
Middle School: Elkhorn Area
High School: Elkhorn Area
This information, provided by seller, listing broker, and other parties, may not have been verified.
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