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Houghton Lake Multi-Family Portfolio 2 Multifamily Properties Offered at $2,000,000 in Multiple Locations
Investment Highlights
- 35 Units fully leased!
- Over $23,000/ month in rents!
- FULLY AMORTIZED LAND CONTRACT AVAILABLE WITH 25% DOWN!
- 3 Parcels
- Management in Place!
Executive Summary
LAND CONTRACT AVAILABLE WITH 25% DOWN!
A collection of multi-family buildings comprised of 35 units located near Houghton Lake, collecting over $23,000/month in rents!
This sale includes 3 parcels of land, fully rented. With this being fully occupied and strong management in place, it's the perfect multi-family investment to add to one's portfolio!
A collection of multi-family buildings comprised of 35 units located near Houghton Lake, collecting over $23,000/month in rents!
This sale includes 3 parcels of land, fully rented. With this being fully occupied and strong management in place, it's the perfect multi-family investment to add to one's portfolio!
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $2,000,000 | Number of Properties | 2 |
| Price / SF | $97.61 / SF | Individually For Sale | 0 |
| Cap Rate | 11.03% | Total Building Size | 20,489 SF |
| Sale Type | Investment | Total Land Area | 3.74 AC |
| Status | Active |
| Price | $2,000,000 |
| Price / SF | $97.61 / SF |
| Cap Rate | 11.03% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,489 SF |
| Total Land Area | 3.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3000 W Houghton Lake Dr, Houghton Lake, MI 48629 | Multifamily | 10,489 SF | 1980 | - |
|
Water N' Woods Apartments
114 Devonshire Dr, Prudenville, MI 48651 |
Multifamily | 10,000 SF | 1980 | - |
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Houghton Lake Multi-Family Portfolio
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