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

Canda Manor

Canda Manor_Property for Sale

Attributes

Number of units
72 units
Occupancy
98.6%
Year built
1974
Building area net
51,840 sf
Land area net
7.17 acres

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.

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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)

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Last updated
10 May 2024