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Multifamily Residential Portfolio 5 Unit 2 Multifamily Properties Offered at $575,000 in Multiple Locations
EXECUTIVE SUMMARY
For sale is two multifamily properties totaling 5 units.
40 Ahrens Mount Clemens, MI 48043
23510 Buckingham Clinton Township, MI 48036
100% Occupied
Properties are all fully turnkey with high end finishes, including granite countertops, soft-close cabinets, luxury vinyl plank flooring, high efficiency furnaces, etc., etc., etc.
Strong rental market
Current owner willing to stay on to manage the properties for an out of state or hands off owner.
40 Ahrens Mount Clemens, MI 48043
23510 Buckingham Clinton Township, MI 48036
100% Occupied
Properties are all fully turnkey with high end finishes, including granite countertops, soft-close cabinets, luxury vinyl plank flooring, high efficiency furnaces, etc., etc., etc.
Strong rental market
Current owner willing to stay on to manage the properties for an out of state or hands off owner.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$55,872
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $55,872 |
PROPERTY FACTS
| Price | $575,000 | Status | Active |
| Price / SF | $154.57 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 9.72% | Total Building Size | 3,720 SF |
| Sale Type | Investment | Total Land Area | 0.45 AC |
| Price | $575,000 |
| Price / SF | $154.57 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 9.72% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,720 SF |
| Total Land Area | 0.45 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 23510 Buckingham St, Clinton Township, MI 48036 | Multifamily | 1,550 SF | 1928 | - |
|
1
40 Ahrens St, Mount Clemens, MI 48043 |
Multifamily | 2,170 SF | 1970 | - |
1 1
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Presented by
Hillside Holdings
Multifamily Residential Portfolio 5 Unit
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