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Description

Pecos Terrace is an existing 184-unit affordable housing community that is offered For Sale based upon IRC Section 42 Low Income Housing Tax Credits - Qualified Contract Requirements. The list price for Pecos Terrace is the Qualified Contract Price as established by McGladrey/Novogradac Tax Credit Accountants. ALL OFFERS WILL BE CONSIDERED! OWNER MAY ACCEPT LESS THAN QUALIFIED CONTRACT PRICE IN ACCORDANCE TO REGULATIONS OF PROGRAM. This property is currently administered pursuant to regulatory and use agreements with Nevada Housing Division - LIHTC Affordable Housing Program which restrict rent charges, operating methods and annual distributions on an extended compliance period. DO NOT DISTURB TENANTS NOR MANAGEMENT! SHOWN ON TOUR DATES BELOW. TOUR DATES May 22-25, 2012 May 29-31, 2012 CALL FOR OFFERS Monday, June 18th at 5pm PST. Building price details: $12,769,327.

Property Details

• Type: Multifamily
• Status: Available
• Year Built: 1995
• Buildings: 1

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