Wyndham Senior Villas

1307 North Hinman Avenue, Marshfield, WI 54449
Status: Available
Year Built: 2003
Price: UNPRICED OFFERING
# of Units: 48
# of Buildings: 7
# of Stories: 1
Rentable SF: 42,256
Lot Size: 4.35 Acres
Density: 11.03 Units/Acres

Highlights:

  • LIHTC Property for Seniors 55 & Older with Excellent Amenities Including Attached Garages
  • Wood County HERA Limits are Projected to Grow by 4.6% in 2020
  • Marshfield is Home to the Marshfield Clinic, A Large Healthcare System That Serves Much of Northern Wisconsin
  • Incredibly Strong Occupancy Seen at the Property with a 2018 Rate of Over 99%

Description:

Wyndham Senior Villas is a 48-unit affordable housing community for seniors 55 and older located in Marshfield, WI. The property is conveniently located close to neighborhood amenities that include the Wood County Annex & Health Center, the Marshfield Clinic YMCA, pharmacies, and retail opportunities at the Marshfield Mall. Other local activities include the Wildwood Zoo and Rose Bowling Lanes.

The property was built and placed in service in 2003 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 40%, 50%, & 60% of Area Medium Income (AMI) limits, which are provided by the Wisconsin Housing and Economic Development Authority. The property is beyond its initial tax credit compliance period.

Wyndham offers one and two bedroom apartments that feature private entry ways, attached garages, washer/dryer hookups, handicap accessibility (in select units), and standard electric kitchen appliances with large kitchen pantries. Residents benefit from community amenities such as a clubhouse, fitness center, and library.

Marshfield is a city in Wood County and Marathon County in Wisconsin. The largest city in Wood County, its population is 19,118 and Marshfield is part of the larger Marshfield-Wisconsin Rapids Micropolitan Statistical Area. In 2010.

Marshfield is home to the Marshfield Clinic, a large healthcare system that serves much of Central, Northern, and Western Wisconsin. The Marshfield Clinic system provides health care for much of northern Wisconsin. It operates residency programs in dermatology, internal medicine, pediatrics, internal medicine-pediatrics, dentistry, and surgery, as well as a transitional year of residency. The Marshfield Clinic also hosts medical and physician assistant students for the University of Wisconsin School of Medicine and Public Health and provides medical education, clinical experiences, and rotations.

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