Reasonably priced Housing Funding Brokerage Inc. has organized the $2.eight million sale of Mt. Carmel Residences and Mt. Village Residences, two inexpensive senior housing communities totaling 80 models in Waterloo, Iowa. Managing Director Kyle Shoemaker and Senior Vice President Dan Piatkowski represented each the customer, a nonprofit, and the vendor, a non-public investor.
The 2 adjoining property are at 1603-1609 Mt. Carmel Drive and 1702-1705 Mt. Village Drive, respectively. The 50-unit Mt. Carmel consists of 13 buildings delivered in 1980, with one- and two-bedroom floorplans. Accomplished in 1992, Mt. Village is an eight-building neighborhood encompassing 30 studio and one-bedroom models. Based on Shoemaker, the customer intends to finish a low-income housing tax credit score renovation on the two properties with a view to protect their affordability.
Each communities are some three miles north of downtown Waterloo, inside strolling distance of UnityPoint Well being – Allen Hospital and near Cedar Valley Cardiovascular Heart. Located close to U.S. Route 63, the properties are additionally simply accessible via public transportation.
Final March, AHIB partnered with Kiser Group in facilitating the $15.5 million sale of a 59-unit neighborhood in Chicago. The brokers assisted each events within the transaction.
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