DEER RUN APARTMENTS

32 Units

Portage, WI

CLOSED!

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Deer Run is a 32-unit apartment building for older adults, constructed circa 1991, and situated on 2.1 acres in central Portage. The property comprises 20 One Bedroom and 12 Two Bedroom apartments. Amenities include elevator service, detached garages for 11 vehicles, along with an additional 32 on-site parking spaces. Residents also enjoy access to two recently updated community rooms and an on-site office. Originally developed under the Section 42 Low-Income Housing Tax Credit program, the property’s Land Use Restriction Agreement (LURA) recently expired and therefore provides a significant rent upside and add-value opportunity. Priced at a significant discount to replacement cost.​