Investment Overview

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Horizon Manor – a well maintained 24 unit apartment building located next to Vernon Jubilee Hospital at 1903 31A Street. (the “Property”). Situated on a 18,775 sq ft lot and designated Medium Scale Housing (MSH), the property offers long term stability with future redevelopment potential. Residents benefit from immediate access to the Hospital, nearby retail, and the amenities of Downtown Vernon, supporting consistent rental demand. The opportunity offers a solid, well cared for building with recent capital expenditures, including a new roof and hot water tank. The suite mix features three 2 bedroom units and twenty one 1 bedrooms, including two top floor penthouses that enhance the property’s overall rental appeal. With rents significantly below market, the property presents a clear value-add opportunity for incoming investors. Horizon Manor offers investors the chance to acquire a stable, income-producing asset on an oversized lot in a prime Vernon location, with meaningful rental upside and long-term strategic potential under its MSH zoning designation.