Tuscany Bay

Description

A 96-unit LIHTC property located in Lawrenceburg, Indiana; a suburb of Cincinnati, Ohio. This property has now entered its 3 year transition from LIHTC to market. The strategy is to fill vacated units with market-rent paying tenants, while minimizing operating expenses. Yields are expected to climb while the value of the property increases as rent-restricted units are removed. Early disposition options are possible with buyer loan assumption.

City
Lawrenceburg
State
Indiana
Aquisition date
February 2016
Number of units
96
Surface area
9717 m2
Fair value
5.84 Mio USD