Kiwanis Courts Garden Apartments | 1 Kiwanis Ct
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Kiwanis Courts Garden Apartments 1 Kiwanis Ct
50 Unit Block of Flats £3,325,413 (£66,508/Unit) 8% Net Initial Yield Bradford, PA 16701
Investment Highlights
- Kiwanis Court Apartments in Bradford, PA | 65 Miles South of Buffalo, NY
- Located within 2023 Qualified Census Tract (QCT) | 30% Basis Boost for Federal LIHTC
- Amenities Include: 24 Hour Access, Basketball Court, Fenced Lot, Laundry Facilities, Playground
- 100% Project Based Section 8 Subsidy Contract | Renewed Under Option 4 in 2020
- Strong Unit Mix | 1, 2, and 3 Bedroom Units
- Strong REAC Performance | January 2023 Inspection Recorded an 85c Score
Executive Summary
We are 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 last reported NSPIRE was an 85c on January 6th, 2023. The last reported MOR was an 87. The property was approved for Option 1 Contract Renewal on November 27, 2024. The gross income effective February 1, 2025 will be roughly $600,000 with roughly $350,000 NOI. The owner is amenable to selling at 8 CAP.
Property Facts
| Price | £3,325,413 | Building Class | C |
| Price Per Unit | £66,508 | Lot Size | 2.17 AC |
| Sale Type | Investment | Building Size | 40,000 SF |
| Net Initial Yield | 8% | Average Occupancy | 100% |
| No. Units | 50 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1972/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | £3,325,413 |
| Price Per Unit | £66,508 |
| Sale Type | Investment |
| Net Initial Yield | 8% |
| No. Units | 50 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.17 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1972/2020 |
| Opportunity Zone |
Yes |
Unit Amenities
- Cable Ready
- Disposal
- Storage Space
- Washer/Dryer
- Refrigerator
- Range
- Carpet
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Playground
- Basketball Court
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 14 | £668.99 | 660 |
| 2+1 | 26 | £774.63 | 780 |
| 3+2 | 10 | £845.05 | 900 |
1 of 1
Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 091-000701 | Improvements Assessment | £388,486 |
| Land Assessment | £45,773 | Total Assessment | £434,260 |
PROPERTY TAXES
Parcel Number
091-000701
Land Assessment
£45,773
Improvements Assessment
£388,486
Total Assessment
£434,260
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Rubinov Realty, LLC
Kiwanis Courts Garden Apartments | 1 Kiwanis Ct
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.