Effortless Ridgeland Park Investment (Off Market)

For Sale, USD 219,000


3443 W Ridgeland Park Dr Unit 1,

Property Type : Condo

Property Style : N/A

Build Size : 1,036 ft² / 96 m²

Land Size : 435 ft² / 40 m² Convert Land Size

Bedroom : 3

Bathroom : 1

Half Bathroom : 1

MLS#: 2055441


Property Description

DO NOT DISTURB THE TENANTS, PLEASE! No showings. Offers subject to inspection. This might be the most "no brainer" investment opportunity ever. Likely buyers include individuals currently in a tax deferred exchange or patient house flipper. This community has been participating in the 30 year Low Income Housing Tax Credit (LIHTC) Program for 29 years, with 1 year remaining! Once the LIHTC period expires at the end of 2025, the then owner is free to occupy, improve the property, or increase rents. Until then they can be purchased with CASH ONLY (a lender or two MIGHT lend on this) and become a nice and worry free investment. All 64 units are required to be managed by the same management company. All 64 units CANNOT be owner occupied, or improved upon until the Program term expires at the end of 2025. All 64 units must follow the program dictated rental rates until the program expires, Etc.
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Lifestyles

Suburban
Effortless Ridgeland Park Investment, United States,Utah,West Valley City is a 1,036ft² West Valley City luxury Condo listed for sale USD 219,000. This high end West Valley City Condo is comprised of 3 bedrooms and 1 baths. Find more luxury properties in West Valley City or search for luxury properties for sale in West Valley City.