Investment Overview

The McDaniel Team of Marcus and Millichap is pleased to present The Azalea Garden Senior Manor, a 33-unit senior living apartment building in the town of Murfreesboro. This property has been a staple of the community providing senior housing to this tertiary 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 Village Apartments provide residents with access to Roanoke Rapids, NC and Franklin, VA (25 minutes) and, of course, access to beautiful beaches less than an hour away.

Investment Highlights

• Stabilized Senior/independent living facility. 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 consistent demand for affordable housing in this market resulting in this property maintaining a waiting list for up to a year.