York Hills I apartment complex is for sale 6.25.09

Written by David Green.

Looking for a local investment? Have half a million or so dollars to unload?

Check out the advertisement in this week’s classified ads regarding the sale of York Hills I apartments in Morenci.

An open house is scheduled June 30 to view the 24-unit apartment building and bids are due July 13. Bids will be opened in Lansing at the U.S.D.A. Rural Development office.

Only York Hills I is for sale, said Sonya Wyldes, a multi-housing specialist with Rural Development. Morenci’s second York Hills apartment building has a different owner, K&G Prestige.

York Hills I went into foreclosure in July 2007.

“Rural Development is the owner and the federal government is trying to sell off some properties,” Wyldes said.

York Hills I is one of about 30 inventory properties in Michigan owned by Rural Development.

Wyldes said half a dozen companies have expressed an interest in the complex, but if it doesn’t sell, residents should have no worry about the facility closing. The U.S.D.A. will continue to operate the apartments if no sale occurs.

A new owner would be required to continue the existing rent structure for low-income residents. In addition, a loan for the purchase of the apartments must be obtained through the U.S.D.A.

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    GAMES DAY—Finn Molitierno (right) celebrates a goal during a game of Nok Hockey with his sister, Kyla. The two tried out a variety of games Saturday at Stair District Library’s annual International Games Day event. One of the activities featured a sort of scavenger hunt in which participants had to locate facts presented in the Smithsonian Hometown Teams exhibit. The traveling show left Morenci’s library Tuesday, wrapping up a series of programs that began Oct. 2. Additional photos are on page 7.
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    MORENCI Marching Band member Brittany Dennis keeps the beat Friday during the half-time show of the Morenci/Pittsford football game. Color guard member Jordan Cordts is at the left. The band performed this season under the direction of Doyle Rodenbeck who served as Morenci’s band director in the 1970s. He’s serving as a substitute during a family leave.
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    MOVING EAST—Utility workers continue their slow progress east along U.S. 20 south of Morenci. New electrical poles are put in place before wiring is moved into place.
  • Front.cowboy
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  • Front.bear
    HOLDEN HUTCHISON gives a hug to a black bear cub—the product of a taxidermist’s skills—at the Michigan DNR’s Great Youth Jamboree. The event on Sunday marked the fourth year of the Jamboree. Additional photos are on page 12.

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