Katherine and Irwin
Single Room Occupancy (SRO) Community
Formerly a two building pharmacy and medical clinic, Katherine and Irwin will be a renovated to be a Single Room Occupancy (SRO) with 20 150-195 sqft. rooms replete with split heat pump units, solar, a common kitchen and dining, two common living areas, shared bathrooms and a large outdoor community courtyard.
Re-development opportunity into high-demand apartment rooms with substantial upside or buy/hold high ROI.
Full occupancy by December 2022
Affordable homes needed to meet demand in Kings County.
Increase in state funding for purchase of housing assets under project Homekey
Number of housing vouchers unused in 2021 - Demand for SRO from Kings Gospel Mission, Champions, Kings County Human Services, Veterans Services.
Project Dev. Cost
Projected Sales Price
Located at the northern end of the downtown corridor, walking distance to services, shopping and restaurants.
Hanford is a high growth area and in demand of affordable housing.
Innovative re-development with efficient building methods.
Professional resident services contract.
Jobs are created to build and operate property.
Two Community Courtyards
One ADA Unit
Multiple Indoor Community Spaces