Multifamily HUD
Conway Park Apartments
400 wood ct, conway, NC 27820
Listing Price: $1,520,000
Investment Overview
Marcus and Millichap is pleased to present this Offering Memorandum for the Conway Park Apartments. A 32-unit Rural Development Apartment Complex in the Town of Conway. This property is a staple of the community providing affordable housing to this Agricultural community. Conway Park Apartments is a Rural Development property. The preferred potential buyer will be non-profit organizations.
This Agricultural central Town is a hub for many of the companies in the area such as Meherrin, Resinall Corp, and Hampton Farms. Only minutes from highway 158 and State Route 35, Conway Park Apartments provides residents with quick access to Roanoke Rapids, NC, and Franklin, VA (both 25 minutes) and of course access to beautiful beaches in less than an hour.
USDA Rural Development, Portfolio Management Branch, Canesta Hicks, Finance & Loan Analyst, canesta.hicks@usda.gov or 229-520-3478
Conway Park Apartments
Investment Highlights
- Stabilized Rural Development property with 11 years left on the Rural Development requirements. This is a great option to place capital in a volatile market.
- Opportunities to restructure and renovate re-capitalizing on many of the tax benefits that make LIHTC deals an attractive opportunity for savvy investors.
- The significant lack of quality housing is significant, the draw to this property often requires tenants to be on a waiting list for up to a year.
Exclusively Listed By
Financing By
Listing Price: $1,520,000
Investment Highlights
- Stabilized Rural Development property with 11 years left on the Rural Development requirements. This is a great option to place capital in a volatile market.
- Opportunities to restructure and renovate re-capitalizing on many of the tax benefits that make LIHTC deals an attractive opportunity for savvy investors.
- The significant lack of quality housing is significant, the draw to this property often requires tenants to be on a waiting list for up to a year.
Investment Overview
Marcus and Millichap is pleased to present this Offering Memorandum for the Conway Park Apartments. A 32-unit Rural Development Apartment Complex in the Town of Conway. This property is a staple of the community providing affordable housing to this Agricultural community. Conway Park Apartments is a Rural Development property. The preferred potential buyer will be non-profit organizations. This Agricultural central Town is a hub for many of the companies in the area such as Meherrin, Resinall Corp, and Hampton Farms. Only minutes from highway 158 and State Route 35, Conway Park Apartments provides residents with quick access to Roanoke Rapids, NC, and Franklin, VA (both 25 minutes) and of course access to beautiful beaches in less than an hour. USDA Rural Development, Portfolio Management Branch, Canesta Hicks, Finance & Loan Analyst, canesta.hicks@usda.gov or 229-520-3478
Exclusively Listed By
Financing By
