$2700000

Hidden Lane Apartments
  • Units: 77
  • Cap Rate: 8.27 Percent
  • Price Paying: -
  • Price Per Unit: $35,065
  • Property Type: Multi Family
  • Gross Rent Multiplier: 4.81
  • Year Built: 1967
  • Monthly Income Per Unit: $46,783
  • Expense to Income Ratio: -
  • Average Square Feet: 825
  • Debt Service Coverage: 1.76
  • Cash Flow: 96,607
  • ROI Year One: 14.31
  • Listing Agent: Greg Coulter
  • Property Features: Hidden Lane is a well-maintained community of 3-story garden-style apartments and 2-story townhomes tucked back in a 6-acre setting. The unit mix contains 3 studio units (320 sq ft), 55 one-bedroom units (620-820 sq ft), 11 two-bedroom units (830 sq ft), and 8 two-bedroom townhouses (1700 sq ft). Hidden Lane was built in 1967, and has since undergone various updates. The HVAC is outfitted with tenant-paid, gas-forced air furnaces and separately-metered, tenant-paid electricity. Amenities include private patios and balconies, carports and garages, and a community swimming pool and sundeck.
  • Interior Features: -
  • Exterior Features: -

Income Property Organization is pleased to present Hidden Lane Apartments, which consists of 77 units, and is located in Battle Creek, Michigan.

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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