CHARLESTON Portfolio
vista view & vandalia terrace apartments | charleston, wvOVERVIEW
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The Jennifer Stein Real Estate Inc, serving as the exclusive listing agent, in cooperation with the Affordable Housing Group as out of state brokers are delighted to present the exceptional opportunity to acquire the Charleston Portfolio. This impressive portfolio comprises of 405 units – 404 multifamily units, all of which are 100% project-based Section 8 housing and 1 rent-free manager’s unit.
Situated in the desirable city of Charleston, WV, the portfolio consists of two properties, namely Vista View and Vandelia Apartments, conveniently located in close proximity to the State Capitol. This offering presents a remarkable chance to engage in a value-add investment of institutional scale, set in one of Charleston’s most renowned and sought-after locations.
The Charleston Portfolio is being offered without an asking price.
Investment Highlights
Location
Portfolio of 333 & 72 Family Units located ~3 miles apart
Vista View is located 1.5 miles from the WV State Capitol & Vandalia Terrace is 2.7 miles away from BridgeValley Community & Technical College
value
P100% Project-Based Section 8; HAP contracts expiring 2037 and 2025
REAC scores of 92b* & 89b* as of 2022
Tax abatement available for nonprofits
Opportunity
Opportunity for rehab & LIHTC syndication
Opportunity for management upside through vacancy and expense reductions
Listing broker
Jennifer D. Stein
Jennifer Stein Real Estate Inc.
- DIRECT: 213-446-5366
- EMAIL: charlestonportfolio@jdservices.com
- LIC NO.: 01507135
OUT-OF-STATE COOPERATING BROKERS
John L Nguyen
Managing Director
Affordable Housing Group
- MOBILE: 714-356-5049
- DIRECT: 949-497-9100 x1
- EMAIL: john@national-ahg.com
- LIC NO.: 01303273
Jesse Elsanhuty
Managing Director
Affordable Housing Group
- MOBILE: 562-320-3614
- DIRECT: 949-497-9100 x2
- EMAIL: jesse@national-ahg.com
- LIC NO.: 01773542
Brian Luethke
Director
Affordable Housing Group
- MOBILE: 201-983-7727
- DIRECT: 949-497-9100 x4
- EMAIL: brian@national-ahg.com
- LIC NO.: 02191657