$237,500
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3443 RIDGELAND PARK Unit 1 West Valley City, UT 84119
Condo
Residence
Beds
Baths
...
Bed/Bath
1,036
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 In...come 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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MLS#
2055441
Property Type
Condo
HOA Fee
$155
Monthly
Square Feet
1,036
sq. ft
Lot Size
0.01
Sewer
Sewer Connected
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