This apartment complex is comprised of 5, two- story buildings. Built in 1975, this facility offers 12 one-bedroom, 24 two-bedroom, 20 three-bedroom and 8 four-bedroom units.
A $25,000 Earnest Money Deposit is required for bidding at the foreclosure sale.
A $200,000 Letter of Credit required at closing to ensure the completion of repairs.
The foreclosure sale does not include any tenant or project-based Section 8 rental assistance.
Interested parties are urged to review the Invitation to Bid (bid kit) prior to submitting a bid at the foreclosure sale. The project is being sold "all-cash", "as-is"; HUD is not offering financing with this sale. HUD does not own or operate this facility and cannot grant access for viewing. Viewing is at the discretion of the current owner/management agent.