Saint Joseph, MO
Zeal Property Advisors is pleased to present the exclusive offering of Gene Field Apartments (“The Property”), a 107-unit Low Income Housing Tax Credit apartment community located in Saint Joseph, Missouri. The Property was built in 1968 and is situated on 9.93 AC. The community consists of 13 apartment buildings with ample parking throughout and impressive 955 average square foot units.
Gene Field is offered as a fee simple sale and is currently in the Section 42 program with 97 of the total 107 units being rent restricted to 60% of the Area Median Income. The initial Tax Credit Compliance Period expired in September of 2015 and currently is in the extended use period.
*Prospective investors must show experience in the ownership, management and/or development of LIHTC properties*