$1040000

Creekside Townhomes
  • Units: 61
  • Cap Rate: 9.89 Percent
  • Price Paying: 23.64 sqft
  • Price Per Unit: $17,049
  • Property Type: Multi Family
  • Gross Rent Multiplier: 3.4
  • Year Built: 1965
  • Monthly Income Per Unit: $140.54
  • Expense to Income Ratio: -
  • Average Square Feet: 950
  • Debt Service Coverage: 1.96
  • Cash Flow: 50,321
  • ROI Year One: 19.35
  • Listing Agent: J.J. Zwada & Paul McHugh, J.D.
  • Property Features: Creekside is a townhome-style complex constructed in 1965. The property is outfitted with a landlord-paid, hot-water baseboard heating system and the units are separately metered for electricity. The complex is well-located with immediate access to major area thoroughfares such as I-475, I-69 and M-54, enabling residents convenient commutes for employment or personal travel. The townhome floor plans are quite spacious and feature basements with washer & dryer hook-ups. Additional amenities that residents find enticing are private entrances, updated appliances, and the abundance of retail and shopping found off nearby Dort Highway.
  • 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