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112 N Hazelton St - Hazelton Apartments 11 Unit Apartment Building Offered at $925,000 at a 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
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
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112 N Hazelton St - Hazelton Apartments
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