Springwood Apartments – Sold January 15, 2015

Springwood Apartments – Sold January 15, 2015

Price: $ Confidential

Total Number of Units: 113

Address: 2660 Old Bainbridge Road, Tallahassee, FL, United States

  • Well-maintained Section 42 LIHTC community
  • 1995 quality construction: Conversion-to-market rate after 2024
  • Prime repositioning opportunity: Current rents on average $147 below maximum allowable LIHTC rents
  • Out of initial tax credit compliance period
  • Located in Florida’s state capital and home to Florida State University
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