INVESTMENT OFFERING
SAB Capital is pleased to present a pair of family-designated apartment communities located on 6.4 acres. The properties include 10, two-story brick apartment buildings. The buildings were constructed using concrete slabs for the apartments and block for the townhouses along with brick and wood siding for both. The properties current unit mix includes 8 one bedroom, 24 two bedroom, 14 three bedroom, and 4 four bedroom. The community amenities include attached garages for 3 and 4 bedroom townhouses, full basement without egress windows, and laundry facilities. Water and sewer are the responsibility of the landlord while electric is the responsibility of the tenant. The properties feature two HAP contracts covering 100% of the units renewed under Option 2 and 1a that run until June 2025 and September 2029.
- 50 Units Across Two Properties | 100% of Units Covered by Project-Based Section 8 Subsidy Contracts
- Properties Renewed Under Option 2 and 1a HAP Contracts
- Strong REAC Scores | River Terrace (92 – 2022) and Hillside (79c – 2023)
- Population Growth | 9% Increase Within 5 Mile Radius Since 2020
- 3 & 4 Bedroom Platforms Feature Attached Garages
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Family Designated Apartment Community Portfolio | $ | % | 53,084 | Available |
