115 West St | Battle Creek, MI 49037
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- LoopNet Team
115 West St
Battle Creek, MI 49037
115 West | Historic Value-Add Apartments · Multifamily Property For Sale
·
39 Units
INVESTMENT HIGHLIGHTS
- The 115 West Apartments building is a prominently positioned 39-unit multifamily complex currently operating at 95% occupancy.
- Property Tours Available Tuesday May 7, 2024 from 10AM - 3PM. Please contact the broker to schedule a time.
- Surrounding 5-mile demographics include an affluent population of 75,000 people, 35% of this population base rents their primary housing.
- Premium location just blocks away from downtown Battle Creek, Michigan, offering immediate access to amenities, work places, and entertainment.
- This historical asset is poised for value-add growth with the ability to upgrade units and improve upon in-place rents as the tenant roster rolls.
- Excellent unit mix that includes one-, two-, and three-bedroom units to appeal to a wide range of potential tenants.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 2.50 AC |
| Type of Ownership | Fee Simple | Building Size | 48,281 SF |
| No. Units | 39 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/1988 |
| Apartment Style | Low-Rise | Parking Ratio | 1.55/1,000 SF |
| Building Class | B | Parcel Number | 1690-00-018-0 |
| Zoning | R3B | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.50 AC |
| Building Size | 48,281 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/1988 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | R3B |
| Parcel Number | 1690-00-018-0 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Security System
- Laundry Service
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