Rogue Valley Village
3761 South Pacific Highway, Medford, OR, 97501, US
$3,250,000 | 76 units
Attributes
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
Media
Canda Manor (0 Properties)
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Last updated
May 10, 2024