Bardsley Garden is a USDA-515 loan affordable housing project situated at 1150 S Laspina Street, Tulare, CA 93274. Bardsley serves seniors and operates as a USDA subsidized project with limited distributions since 1980. Just to clarify, there are no existing tax credits for the project, and the entire project is subsidized by USDA. The seller is highly motivated and aims to remove the property from their balance sheet by the end of this calendar year. Prospective buyers have the option to apply for a 538 loan or bring their own equity. They can expect a consistent 8% return on investment, along with a management fee of $59 per unit. The asking price is $65,000 per door, totaling $3,185,000 for the 49-unit property, which significantly falls below the replacement cost. According to the Costar multi-housing sales comparables study, there have been only three sales in Tulare within the recent three-year period: two in 2022 and one in 2021. The average unit cost among these sales is $133,000 or more. Please review the enclosed comparables within this package. The subject property represent a lucrative investment opportunity in the affordable housing market. With 48 one-bedroom and 1 two-bedroom units, this property offers a stable and reliable income stream with potential for growth. Each unit is equipped with essential amenities such as air conditioning, heating, cable readiness, carpeting, refrigerator, range, and a linen closet, ensuring high tenant demand. The building is wheelchair accessible and features on-site laundry facilities, individually metered units, and a dedicated property manager, minimizing operational hassles. Bardsley Garden provides convenient proximity to the 99 freeway, makes it easier to commute.