Map pin711 W Empire St, Ishpeming, MI, 49849-1323, US

Canda Manor

Canda Manor_Property for Sale


Number of units
72 units
Year built
Building area net
4,816 m²
Land area net
2.9 ha

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Canda Manor Apartments. This 98.6% occupied, 72-unit mixed-income property is located in Ishpeming, MI and benefits from a project-based Section 8 (HAP) contract on 58% of the units. The Offering presents Investors the opportunity to deploy capital into an inflation-protected, government backed asset with the potential to significantly increase revenue through a mark-up-to-market contract rent increase.


Investment Highlights

  • Partial HAP Contract Provides Stable Operations
  • Significant Rent Upside
  • Proximity to Economic Drivers & Affordability

Canda Manor 4_Property for Sale
Canda Manor 4_Property for Sale
Canda Manor (0 Properties)

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
10 May 2024