No offers on Brumfield apts.
Published 10:58 am Saturday, November 19, 2011
Natchez — The future of the Brumfield School Apartments facility is up in the air with no offers to purchase the former apartment complex made by deadline.
Natchez attorney Scott Slover said Gleichman and Company, owners of the building, were accepting bids of a minimum of $400,000 throughout August but received none by Aug. 31.
Slover said the building is listed for sale, but he does not believe there have been any offers made to purchase it.
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The company opened the bid process for the complex after residents were forced to vacate the property because the complex’s management company abandoned it in February.
Officials from Stanford Management slipped letters under residents’ doors Jan. 27 and in the mayor’s mailbox Jan. 25 saying they would no longer be running the building starting Feb. 1.
Stanford had reportedly defaulted in many of its utility bills before abandoning the building and residents.
Slover said the former schoolhouse contains 29 apartments, including 12 one-bedrooms apartments and 17 two-bedroom apartments.
The building also contains a 3,800-foot daycare center facility complete with a kitchen and office.
Slover said Gleichman and Company formerly purchased the 33,000-square-foot building in 1994 and restored it to generate income from tax incentives.
The complex served mostly low-income individuals through the Department of Housing and Urban Development’s Section 8 voucher program since the owners bought it.
Slover said he believes the complex could be profitable for an owner based on housing authority rates and the number of units in the building.
“I think it could be profitable,” he said. “You just need someone who (is) able to manage it properly.”
Ward 4 Alderman Ernest “Tony” Fields said he hopes the building falls into the hands of someone who wants to restore it and use it for affordable housing.
Fields said after the complex was restored, it was second to none.
“The way it looked and how secure it was, it was done right,” he said.
Fields said over time the building became rundown.
“There is a need for quality low to midlevel income housing,” he said. “The key part being quality.”
Fields said he hopes something is done quickly because the longer the building sits vacant the worse its condition will become.
“We have enough eyesores, and that building is too special to sit there and be an eye sore,” he said.
Efforts to reach Pam Gleichman of Gleichman and Company were unsuccessful.