Listed by Callander Commercial
$1,850,000
525 North Arlington Street
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 23,396
Units 25
Cap Rate 4.89%
NOI $90,481
Occupancy 96%
Tenancy Vacant
Acreage 1.570
Investment Type Stabilized
Updated Multi-Family Housing Investment Opportunity
Marketing description
Welcome to Arlington off Main! This 25 unit apartment community is unlike anything else in the market. With immediate cash flow available, improved unit fit and finish, and updated capital elements, this investment is primed for any investor that seeks stabilized cash flow day one! Rents are under market comparable to like kind communities giving the future owner the opportunity for income upside! Geographically positioned by the new Arena project in Downtown, Kalamazoo College, and Western Michigan University, the subject property will be relevant for years to come!
Investment highlights
- 25 Units
- Stabilized Cash Flow
- Excellent Location
- Improved Units
- Significant Seller Investment
- Rent Upside Potential
Listing Contacts
Listed by Callander Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,481.00
$7,540.08/mo
Valuation Metrics
0
DSCR
4.89%
Cap Rate
4.89%
ROI
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Property History
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