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PARK CENTRAL
76 Units
Madison, WI
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Park Central is a 76-unit apartment property located in the heart of downtown Madison, Wisconsin. Developed in 2009 via the federal Low Income Housing Tax Credit program, the property is comprised of two, four-story buildings with 76 underground parking spaces and an adjoining courtyard. Park Central is a signature, affordable tax credit property with a superior occupancy history in a prime downtown Madison location. The Property is offered subject to a Land Use Restriction Agreement (LURA) that expires on October 31, 2038. See Broker for further details.
Park Central Apartments is being offered subject to an existing Option to Purchase Agreement with a third-party “Grantee” for the 305 Ingersoll building, at a predetermined price as set forth prior to the development of the project in 2009. Any prospective purchaser’s offer to purchase of Park Central Apartments shall be subject to the rights of the Grantee of the Option to Purchase Agreement.
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