Listed by Resource Realty Group
$2,000,000
35 UNIT PORTFOLIO
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,198
Units 35
Cap Rate 11.45%
NOI $229,045
Occupancy 100%
Tenancy Multi
Investment Type Stabilized
Sale Condition N/A
Multifamily | 11.45% CAP | 35 Units
Marketing description
LAND CONTRACT AVAILABLE WITH 25% DOWN!
A collection of multi-family buildings comprised of 35 units located near Houghton Lake, collecting over $23,000/month in rents!
This sale includes 3 parcels of land, fully rented. With this being fully occupied and strong management in place, it's the perfect multi-family investment to add to one's portfolio!
Investment highlights
- 35 Units fully leased!
- 3 Parcels
- Over $23,000/ month in rents!
- Management in Place!
- LAND CONTRACT AVAILABLE WITH 25% DOWN!
Listing Contacts
Listed by Resource Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$229,045.00
$19,087.08/mo
Valuation Metrics
0
DSCR
11.45%
Cap Rate
11.45%
ROI
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