INVESTMENT OPPORTUNITY
SAB Capital is pleased to present Kiwanis Court, a family-designated apartment community located on 1.95 acres in Bradford, PA. The property includes 3, two-story apartment buildings. The buildings were constructed using concrete foundations, wood frame, and wood and T1-11 siding exterior. The property’s current mix includes one, two, and three bedroom units. The community amenities include 24 hour access, basketball court, fenced lot, laundry facilities, and a playground. The property features a project based Section 8 subsidy contract that covers 100% of the units and runs through 2039. Landlord is responsible for water and sewer, while the residents are responsible for electric. The current contract rents on the 2 and 3 bedroom units are below the 2023 FMR’s and $230.81 below the 2022 HUD 140% Median Gross Rent by Zip Code Metrics. The last reported REAC was an 85c on January 6th, 2023.
- Kiwanis Court Apartments in Bradford, PA | 65 Miles South of Buffalo, NY
- 100% Project Based Section 8 Subsidy Contract | Renewed Under Option 4 in 2020
- Located within 2023 Qualified Census Tract (QCT) | 30% Basis Boost for Federal LIHTC
- Strong Unit Mix | 1, 2, and 3 Bedroom Units
- Amenities Include: 24 Hour Access, Basketball Court, Fenced Lot, Laundry Facilities, Playground
- Strong REAC Performance | January 2023 Inspection Recorded an 85c Score
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Kiwanis Court | $ | % | 47,012 | Available |
