Huntington Hills
2500 North Eastman Road, Longview, TX, 75605, US
213 unités
Attributs
Nombre d'unités
160
Année de construction
1999
Rent & Income Restrictions
100% LIHTC @ 50% & 60% AMI
Descriptif
JLL is pleased to exclusively offer for sale Park Glen Apartments, a 160-unit, 100% LIHTC family community located in Midland, TX. The Property benefits from a significant spread to market-rate comparables and 0% current delinquency. Investors have an opportunity to unlock value through a CHDO non-profit partnership estimated to generate approximately $78,000 in annual ad valorem tax savings. Midland's supply-constrained market — with zero new units delivered since 2023 and 7.6% projected rent growth through 2030 — combined with the city’s top-tier employment growth makes Park Glen Apartments a compelling affordable housing investment opportunity.
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Points forts de l'investissement
- Significant Rent Upside Given Spread to Market-Rate Comparables
- Opportunity to Unlock Value via CHDO Non-Profit Partnership
- Strongest Economy in West Texas
- Robust Demographic Tailwinds and Supply Constraints Drive Growth
Média
Park Glen (0 Propriétés)
