$1006000

Britton Pines
  • Units: 32
  • Cap Rate: 9.14 Percent
  • Price Paying: -
  • Price Per Unit: -
  • Property Type: Multi Family
  • Gross Rent Multiplier: -
  • Year Built: 2001 & 2003
  • Monthly Income Per Unit: -
  • Expense to Income Ratio: -
  • Average Square Feet: 29,000
  • Debt Service Coverage: -
  • Cash Flow: -
  • ROI Year One: -
  • Listing Agent: JT Teringo
  • Property Features: Britton Pines is comprised of two buildings, one is a ranch-style building, built in 2001, contains 16 units, 8, 1-bedroom units and 8-2-bedroom units, which have Landlord-paid heat and water plus Tenant-paid electrical. The two-story building contains 16 units, all of which are 2-bedroom units, with over 1,000 square feet per unit. This building, built in 2003, has Tenant-paid heat and electrical and the water is Landlord-paid. Britton Pines has been well-maintained and this offering represents a turn-key investment for a multifamily investor, with the ability to increase rents, which will grow the ROI, which will be discussed below. Amenities at the property include in-unit laundry, interior entrances, dishwashers, ample parking and tenant storage.
  • Interior Features: -
  • Exterior Features: -

Location


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  • About Us

    Income Property Organization offers customized brokerage services that are designed to meet the specific needs of a wide range of clients -- private owners as well as institutional investors -- who want to buy or sell income property.
  • Contact Us

    Income Property Organization
    6421 Inkster Rd., Suite 200
    Bloomfield Hills, MI 48301
    Telephone (248) 932-0300
    Fax (248) 932-0301