Village Club of Canton

41420 Village Green Boulevard West, Canton, MI, 48187, US

描述

Jones Lang LaSalle Americas, Inc. (JLL), is pleased to present Village Club of Canton, a 272-unit garden-style apartment community located in Canton Township, MI. A western suburb of Detroit, Canton is located roughly 20 miles west of downtown Detroit and 15 miles east of Ann Arbor, with quick access to I-275 and I-96, allowing residents to easily commute to either city in only 30 minutes. Canton also has close proximity to the M-14 technology corridor, one of the world’s premier automotive R&D corridors, which attracts Fortune 500 companies and global technology leaders. With a high average household income of ~$150,000 and highly rated schools, Canton has established itself as one of Michigan’s premier townships. The area’s natural beauty, parks, and trails, combined with its ideal location, make it the perfect place for families searching for residential tranquility.

The property offers a mix of layouts ranging from studios to two-bedroom homes with the opportunity for investors to modernize interiors through a value-add program. Residents of the community enjoy a wealth of amenities, including an outdoor swimming pool and lounge, hot tub, sauna, picnic area with grilling stations, tennis and volleyball courts, 24-hour fitness center, and clubhouse. This fantastic opportunity is available free and clear of existing debt.

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特性

落成年份

1990

單位數量

272

使用／出租率

96%

媒體

投資亮點

Dynamic Apartments Community
In-demand Amenities Highlighted by Resort-Style Pool, Hot Tub & Sauna, Outdoor Lounge with Grilling Stations, Tennis & Volleyball Courts, and Fitness Center
99% of units are prime for a programmatic renovation program
Significant Discount to Replacement Cost

Fantastic Property Performance
96% Occupied
Impressive ~$200 achieved renovation premiums for Studio, 1 BR, and 2 BR renovations - Quoted Premiums for Studio: $100 & 1 BR and 2 BR: $275

Central Location
30 minutes from Ann Arbor & Downtown Detroit with Easy Accessibility to I-275, M-14 Tech Corridor & I-96
Unparalleled Access to Shopping & Dining
Proximate to Major Employers: Ford Motor Company & Corewell Health

Robust Market Fundamentals
3% Projected Avg Effective Rent Growth in the Next 5 Years
95% Projected Avg Occupancy in the Next 5 Years
Supply-constrained submarket- Market Barriers, Including Land Availability, Supply Restrictions, and Zoning Limitations Support Long-Term Value Creation