Property Type: Project Based Section 8 Senior Housing Community (62+ years and over)
Post Mark-to-Market, 9% LIHTC
Sheraton Towers is a senior community is located in downtown High Point with close proximity to shopping, dining and public transportation. Built in 1920 as a luxury hotel that was visited by many dignitaries including John F. Kennedy, the property was converted into apartments in 1982 and completely renovated in 2012.
This historic property features a mix of studio, one- and two-bedroom apartment homes in an historic building featuring Art Deco architectural details including wrought iron staircases and tiling. Secure building with slide key entry and security cameras. Amenities are a community room and laundry room.
Acquire, Preserve, Improve