Redwood Lofts & Flats is a 20-unit building that is nearing completion, with final certificate of occupancy (COO) pending. The property is located in an Opportunity Zone ("OZ"), which allows for an OZ deal to be structured prior to COO. Redwood includes a mix of studio, one-, and two-bedroom floor plans. The first two levels includes 13 loft units and the top floor has 7 flats. The units have good quality finishes, including quartz counters, stainless appliances, soft-close cabinet doors, and vinyl plank flooring. The units have laundry machines, patios, and decks. Second floor units have city or mountain views. The building is fully sprinklered and has a secured bike room. In exchange for renting two units at 60% AMI rents, the building has secured a 10-year tax abatement. The abatement will begin the year following completion. During the abatement period, taxes are only payable on the land. Redwood is priced at $5,000,000 at stabilization, which is a 6.45% cap rate on stabilized NOI. Seller would strongly prefer to transact at completion, prior to stabilization Please contact Matt Dodd or Sean Milligan to schedule a tour.