13 unit near South Haven Mi.

Multi-Family for Sale
Catylist Listing ID: 30012333
Property Subtypes: Low-Rise/Garden
Number of Units: 13 Units
Building Size (RSF): 8,010 SF
Gross Building Area: 10,362 SF
Gross Land Area: 4.20 Acres
Sale Price: $495,000
Unit Price: $38,076.92 Per Unit
Property Use Type: Investment
Usable Size (USF): 8,010 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 94
Gross Rent Multiplier: 5.50
Last Updated: 12/22/2017

Overview / Comments

Money making, multi-unit property east of South Haven, and near GingerMan Raceway. The seven buildings comprise of 13 rental units, along with 1 building which contains laundry facilities, office and maintenance shop. The over 4 acre property could possibly be expanded, by purchasing the adjoining 3 acre on Pitcher Lake.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Taxing Authority: Geneva Twsp.
Tax ID/APN: 800901100310
Percent Occupied: 100%
Community Amenities: On-Site Maintenance

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 787 2,375 8,508
Median Age: 37.93 41.01 35.62
Households: 277 916 3,063


Photograph of Listing Agent

Dana Slocum

ERA Network RE (Wayland) Not a member of CARWM
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