- Well Constructed in 1996
- Attractive Price Per Unit
- Below Replacement Cost
- Senior Housing
- Good Unit Mix of 1BD and 2BD Floorplans
3755 North 4th Street
Coeur d'Alene, ID 83815
Lake Wood Ranch Apartments is an 80-unit senior apartment community located in Coeur d’Alene, Idaho. This asset presents an opportunity to purchase a performing asset in a very unique location. A beautiful senior community, nestled amongst tall pines in a suburban setting conveniently close to shopping, services and recreation.
Lake Wood Ranch was placed into service in 1996 under the Section 42 Low-Income Housing Tax Credit program (LIHTC). There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than income limits which are provided by Idaho Housing and Finance Association (IHFA). Please see the Rent Calculation page in the Financial Analysis section for further details. The qualified purchaser can be a nonprofit or for-profit entity that agrees to maintain the affordable housing units and to fulfill all requirements of an existing regulatory agreement.