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Hazelton Apartments 112 N Hazelton St 11 Unit Apartment Building $925,000 ($84,091/Unit) 7.43% Cap Rate Flushing, MI 48433
Executive Summary
Hazelton Apartments has 11 units, 4 one-bedroom and one-bath units and 7
two-bed and one-bath units. These unit types range from 597 and 724 square
feet, respectively.
Currently Hazelton Apartments is operating at 100% physical occupancy and
has maintained this level of performance for many years, requiring only minimal
management oversight from ownership.
IPO has projected an NOI going forward of $68,699 based on average street
rents and the June ‘25 thru May ‘26 T-12. Current street rent across the units is
$1,045. However, when the complex is brought up to market, average rent
increases to $1,130.
two-bed and one-bath units. These unit types range from 597 and 724 square
feet, respectively.
Currently Hazelton Apartments is operating at 100% physical occupancy and
has maintained this level of performance for many years, requiring only minimal
management oversight from ownership.
IPO has projected an NOI going forward of $68,699 based on average street
rents and the June ‘25 thru May ‘26 T-12. Current street rent across the units is
$1,045. However, when the complex is brought up to market, average rent
increases to $1,130.
Property Facts Under Contract
| Price | $925,000 | Apartment Style | Low-Rise |
| Price Per Unit | $84,091 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 7.43% | Building Size | 10,000 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | $925,000 |
| Price Per Unit | $84,091 |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 55-26-552-173 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $232,500 |
Property Taxes
Parcel Number
55-26-552-173
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$232,500
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Hazelton Apartments | 112 N Hazelton St
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