Flushing - Mt. Morris 23 Unit Portfolio 1 Multifamily Properties Offered at $1,275,000 in Flushing, MI

The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of the Flushing – Mt Morris 23 Unit Portfolio in Flushing and Mt. Morris, MI. Totaling 23 units, this portfolio consists of an 8 unit complex, (2) 4 unit complexes, 1 triplex, and 4 single family homes.

Built in 1900-1971, this diverse portfolio consists of (5) 750 SF 2 Bed 1 Bath Apartment Units,(6) 650 SF 1 Bed 1 Bath Apartment Units, (4) 600 SF 1 Bed 1 Bath Apartment Units, (1) 550 SF Studio Units, (2) 700 SF 2 Bed 1 Bath Apartment Units, (1) 500 SF 1 Bed 1 Bath Apartment Units, (2) 1200 SF 3 Bed 1 Bath Single Family House, (1) 1000 SF 3 Bed 1 Bath Single Family House, and (1) 750 SF 2 Bed 1 Bath Single Family House.

The Flushing – Mt. Morris 23 Unit Portfolio boasts several amenities such as individual entrances (select units), private parking, and onsite washers/dryers just to name a few. This Portfolio is being offered to the market as a stabilized cash flowing asset, however, several value-add opportunities present themselves. Most notable, this asset has significantly below market rents with occupancy levels historically averaging near 100%. After doing an in-depth rent comparable study (located in the OM), it has been determined that the current average rent is $50-$150 below similar competing properties. This leaves investors with an opportunity to increase rents to market and further increase not only cashflow, but also significantly increase value. Due to the attractive location and significant historic cash flow, this opportunity offers the marketplace a significant value add, cash flowing asset. Please contact HMA for more information before this opportunity is gone.