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32306130
32306142

55 Locations For Sale

CL
MI 6505432312
NextHome Greater Tri-Cities
Listed by NextHome Greater Tri-Cities
$3,905,000
78 days on market
Updated 78 days ago
Opportunity zone

Saginaw Rental Portfolio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building (+1)
Units 71
Cap Rate 10.43%
NOI $407,294
Occupancy 93%
Tenancy Multi
Acreage 0.140
Investment Type Value Add

Multifamily | 10.43% CAP | 71 Units

Marketing description

The Saginaw Rental Portfolio is a 71-unit multifamily investment opportunity located in Saginaw, Michigan. This stabilized portfolio offers strong cash flow with a 10.43% cap rate and 93% occupancy after vacancy adjustment. The portfolio generates $665,280 in annual rent with a Net Operating Income of $407,294. This investment provides a scalable 71-unit portfolio with value-add potential through rent optimization. With total expenses including 7.5% management at $211,416, the property delivers an effective gross income of $618,710 at 7% vacancy. The portfolio is positioned in Michigan's Great Lakes Bay Region with access to major employment hubs and healthcare/education anchors. The portfolio includes a mix of single-family homes and small multifamily buildings throughout Saginaw, offering diversification across multiple properties and tenant base. Strong cash-on-cash return potential with 18.94% return based on 75% LTV financing at 6.5% interest over 30 years. Asking price of $3,905,000 represents an attractive entry point for cash flow investors.

Investment highlights

  • Strong cash flow with 10%+ cap rate
  • Stabilized asset with consistent occupancy
  • Scalable 71-unit portfolio
  • Value-add potential through rent optimization
  • Higher cap rates compared to major U.S. markets
  • Strong cash-on-cash return potential
  • Yield-focused investment environment
  • Lower acquisition costs drive higher returns
  • Ideal for cash flow investors

Listing Contacts

CL
MI 6505432312
NextHome Greater Tri-Cities
Listed by NextHome Greater Tri-Cities

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$407,294.00
$33,941.17/mo

Valuation Metrics

0
DSCR
10.43%
Cap Rate
10.43%
ROI

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Additional Information

Name
Coty Lewis
License
6505432312
Brokerage
NextHome Greater Tri Cities
Title
Real Estate Broker
Brokerage Address
827 North Michigan Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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