The property consists of townhome-style apartments with separate entrances, front porches, semi-private backyards, and all separate utilities. Current income stability is enhanced by a senior-designated project-based HAP contract covering 100% of the units through early 2025, creating predictable cash flow with future upside through rent adjustments upon contract renewal or conversion to market terms.
Residents are served by proximity to major transit corridors and institutional employment drivers, making this asset an efficient operational model and long-term investment opportunity. Located in a mature neighborhood with steady rental demand, this property positions investors for both immediate yield and potential value creation through targeted upgrades or strategic repositioning.