$2000000

Grange Oaks
  • Units: 48
  • Cap Rate: 7.94% Percent
  • Price Paying: -
  • Price Per Unit: $41666
  • Property Type: Multi Family
  • Gross Rent Multiplier: 6.90
  • Year Built: 1968
  • Monthly Income Per Unit: $553.7
  • Expense to Income Ratio: 45.25 Percent
  • Average Square Feet: 687.50
  • Debt Service Coverage: 1.34
  • Cash Flow: $43,974
  • ROI Year One: 8.00%
  • Listing Agent: Greg Coulter, A.J. Beachum, JD.
  • Property Features: -
  • Interior Features: -
  • Exterior Features: -

Grange Oaks is a one-story apartment community built in 1968, located between the intersection of Grange Hall Road and North Saginaw Street. Amenities include newer appliances, separate entrances with porches, updated bathrooms, fireplaces in some units, and new windows and doors. Residents get the benefit of the beautiful wooded grounds surrounding the buildings with open area use for tenants to utilize.

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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