
LIHTC Portfolio with Burned-Off Risk + $1.3M Rent Upside
Value Add LIHTC Opportunity: 5 Portfolios in Detroit, MI and Benton Harbor, MI
Marketing description
Premier Property Services is pleased to offer a well positioned affordable housing portfolio of professionally managed “LIHTC” properties. 5 Seperate Portfolio's Totaling 200+ Units, this unique offering combines separate portfolios that were selectively acquired and stabilized over the past few years by a single ownership group, Midwest USA Acquisitions Limited Dividend Housing Association, LLC. Upon initial acquisition, each portfolio was either absentee ownership or mismanaged, and in a few cases, both. Current ownership strategically stabilized the portfolio’s by repositioning troubled units, completing deferred interior / exterior maintenance, working with municipalities, as well as MSHDA and participating housing authorities to achieve code compliance. Now that the properties have been stabilized and meet the initial program thresholds, the new wave of ownership is well positioned for stabilized year-over-year growth.
As one shall discover through due diligence, the properties were either newly built or fully transformed between 2004-2007, bringing the properties into todays building standards. The subject offering may be acquired as a whole, or by individual portfolios groupings that are detailed in this Offering Memorandum. Contact listing broker, James Bufalino, to further discuss the intricacies of the offering.
Investment highlights
Low Income Housing Tax Credit (LIHTC) Incentives
Located in Emerging Real Estate Markets
Strong Rental Demand
Long-Term Appreciation
MSHDA Compliant
Section 8 Compliant
Multiple ADA Accessible Units
Stabilized Portfolios
Excellent Year-Over-Year Income Growth Potential
Professionally Managed
Listing Contacts

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