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PEMBROKE TOWNSHIP - 40 UNIT SENIOR HOUSING COMPLEX - All under one roof, these 40 units are fully occupied and there is a waiting list of for new residents. Listed at an 8 CAP equal to $33,750/unit. Currently owned with an assumable Rural Development Loan. The majority of income is backed by government rental assistance. To maintain occupancy and rental assistance, certain guidelines apply for purchase and for the existing loan structure to transfer. Property in "Good" condition. On site laundry facility, community room and large outside sitting area on site. Building sits on 5 acres! Management in place could possibly stay on after sale.
Listed by McColly Bennett Real Estate

Property Details of 4067 South Wheeler Road

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Based on information submitted to MRED  as of October 19, 2020 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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