1180 Brentwood St
Belding, MI 48809
Brentwood II Apartments · Multifamily Property For Sale · 48 Units

Brentwood is a Low-Income Housing Tax Credit Property with the initial 15 year compliance period completed and has entered the 99 year extended use phase. Please refer to the Regulatory Agreement found within the Operating Data for more information. Brentwood is a garden-style complex built in 1978, consisting of 3 apartment buildings, one office, & one storage shed sitting on 4.42 acres. The attractive unit mix contains 12, one-bedroom units with a spacious 598 ft.2 of living space, and 36 two-bedroom units with approximately 676 ft.2 of living space. A Notable for investors is the historical occupancy, which is currently at 98.5% and has maintained levels between 95-100% for many years. The property is well-located for families, approximately two miles from Belding High School, and less than 2 miles from Belding Middle School. As mentioned previously, Brentwood is located just 45 minutes from both Lansing & Grand Rapids. Due to this exceptional location, it provides tenants with numerous retail, educational, recreational and entertainment opportunities that are close to home. Brentwood was completely renovated in 2003, a substantial investment, which a buyer will benefit from for many years to come. This offering represents a turn-key investment for a multifamily investor. The property is outfitted with Landlord-paid, individual gas forced air furnaces and separately metered electric. Amenities at the property include on-site laundry, sleeve air conditioning units. A major factor affecting the strong historical performance of this asset is its aforementioned location.