Oscoda Senior Condominiums 5951 N Skeel Ave 20 Unit Apartment Building $1,200,000 ($60,000/Unit) Oscoda, MI 48750

The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of Oscoda Senior Condos in Oscoda, MI. Built in 1990, these 20 condominium units, consist of (16) 540 SF One Bed One Bath Apartments and (4) 810 SF Two Bed One Bath Apartments. The Oscoda Senior Condos boasts several amenities such as a fitness center, movie theater, and a recreating room, just to name a few. Additionally, all utilities are included in the HOA fees, which include water, electricity, internet, cable and snow removal.

The Oscoda Senior Condos are being offered to the market as a stabilized cash flowing asset, however, several value-add opportunities present themselves. Most notable, this asset has unfinished units. While 13/20 Units are finished and rent-ready, the remaining units are unfinished. A new owner could continue to finish the remaining units, allowing them to be rented out. This leaves investors with an opportunity to add additional rent and further increase not only cashflow, but also significantly increase value. Due to the attractive location and significant historic cashflow, this opportunity offers the marketplace a significant value add, cash flowing asset. Please contact HMA for more information before this opportunity is gone.