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MichiganMissouriMultifamily

FOURMIDABLE taking on property management duties for 404 apartments in Missouri and Michigan

May 3, 2021
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FOURMIDABLE was designated as the new managing agent for two affordable Section 8 communities consisting of 404 apartments in Missouri and Michigan.

Alcazar Apartments consists of 142 affordable apartments in Kansas City, Missouri.  Alcazar offers studio, one- and two-bedroom floorplans and features controlled access, business center, laundry facilities and on-site parking options.

The new ownership group has plans to install new security doors and cameras as well as add additional parking. A name change is also in the works. Alcazar Apartments is a HUD Section 8 community. Rents are based on 30 percent of gross income.

Sycamore Meadows, a 262-unit affordable apartment community in Ypsilanti, Michigan, consists of one-, two- and three-bedroom townhomes, some with basements.  Sycamore Meadows is a HUD Section 8 community and is centrally located near parks, downtown and public transportation.  Rents are based on 30 percent of gross income.

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