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Multifamily HUD

Conway Park Apartments

400 wood ct, conway, NC 27820

Listing Price: Request For Offer

Number of Units
32
Occupancy
94.7%
Gross SF
25,168

Investment Overview

The McDaniel Team of Marcus and Millichap is pleased to present this Offering Memorandum for the Conway Park Apartments. A 32-unit HUD-Apartment Complex in the Town of Conway. This property is a staple of the community providing affordable housing to this Agricultural community. 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.

Investment Highlights

  • Stabilized HUD property with 11 years left on the HUD 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

Multifamily HUD

Conway Park Apartments

Listing Price: Request For Offer

Number of Units
32
Occupancy
94.7%
Gross SF
25,168

Investment Highlights

  • Stabilized HUD property with 11 years left on the HUD 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

The McDaniel Team of Marcus and Millichap is pleased to present this Offering Memorandum for the Conway Park Apartments. A 32-unit HUD-Apartment Complex in the Town of Conway. This property is a staple of the community providing affordable housing to this Agricultural community. 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.

Exclusively Listed By

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