Price Reduced. Sellers willing to carry a 2nd TD (Allowed by HUD with buyer approval) for up to $5,000,000 which would bring the required down payment to ~ $5,650,000 or 70% Loan to Value. Extremely Attractive Assumable HUD Loan fixed at 2.5% for 35 years! New Construction, The Indiana is a 23 Unit Apartment Building Located in San Diego's (92103 Zip Code) Hillcrest/North Park Subdivision. Diverse Unit Mix of Cottages, Townhomes, 1 & 2 BR Units. Average unit size is greater than 800 Sq Ft. Most units have balconies. High end interior amenities including wood flooring, high end cabinetry, counters, fixtures and appliances as well as in unit Washer/Dryers. Rents are stabilized but there should be an additional 4-5% immediate upside. Hillcrest is one of the strongest rental markets in San Diego County with very little vacancy and continued rental growth projected. This Ultra High End Construction and Interior Finishes will ensure low maintenance/management. Current Loan Balance can be assumed at $7,850,000 is fixed till January 2057. P&I Payment is $30,471/month. The original existing 2 cottages have been completely remodeled and are currently benefiting from Property Tax Savings as they qualify for The Mills Act.