165 East 71st Street
US - New York, NY
€7,700,000 | 4 units
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Heritage Park, a 96-unit LIHTC property in Oxford, MS. The Property is located in close proximity to the University and offers Investors the opportunity to deploy capital into a well-maintained age-restricted community that benefits from low turnover and 98% occupancy. Heritage Park is also QC eligible in 2027 where an investor could potentially turn rent restricted units to fully market-rate by 2031.
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Attributes
Number of units
96 units
Occupancy
100.00%
Year built
2002
Building area Net
8,568 m²
NOI
€470,000
Media
Investment Highlights
- Stable, Bond-Like Cashflow
- Attractive Senior Asset Garnering Strong Demand
- QC Eligible Market Conversion Opportunity
- Proximity to the University of Mississippi
- Impressive Apartment Market Fundamentals
Contact brokers
Heritage Park (0 Properties)
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Last updated
24 Jul 2023
