Cambridge Pointe is a 48-unit affordable housing community located in Henderson, Kentucky, within the Evansville, IN MSA. Built in 1998, the property offers a compelling investment opportunity through its scheduled 2028 LIHTC restriction expiration, creating a clear path to market-rate conversion with no decontrol period provisions. The asset has been well maintained with approximately $17,300/unit in capital improvements, including flooring, appliances, asphalt overlay, siding, roofs, entry doors, and HVAC replacements. Cambridge Pointe also benefits from a supply-constrained Henderson market, 91.67% occupancy, all 2- and 3-bedroom floor plans, in-unit washer/dryer connections, and meaningful future rent upside supported by nearby market-rate comparables.