$175000

Stevenson Apartments
  • Units: 24
  • Cap Rate: -
  • Price Paying: -
  • Price Per Unit: -
  • Property Type: Multi Family
  • Gross Rent Multiplier: -
  • Year Built: -
  • Monthly Income Per Unit: $315.39
  • Expense to Income Ratio: 69.51 Percent
  • Average Square Feet: 9,800
  • Debt Service Coverage: -
  • Cash Flow: -
  • ROI Year One: -
  • Listing Agent: Bruce Lister
  • Property Features: The Kettering Portfolio is strategically situated along University Avenue (formerly 3rd Street) in the heart of the newly christened “University Avenue Corridor” and the massive redevelopment efforts that have been recently spearheaded by the neighborhood anchor, Kettering University. Included within this Offering Memorandum is articles and links which will provide detailed insight on the convergence of efforts and resources by local institutions and stakeholders who have resolved to connect this university area with resurgent downtown Flint. The Portfolio is comprised of a 23-unit midrise apartment complex that was constructed in 1963, and 1 single family homes. The unit mix consists of 23 one-bedroom one-bath units (400 sq ft.) and 1 four-bedroom single family home (2,400 sq. ft.). Heat at the complex is supplied by a landlord-paid, hot-water baseboard boiler, and electricity is separately metered.
  • 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.
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    Income Property Organization
    6421 Inkster Rd., Suite 200
    Bloomfield Hills, MI 48301
    Telephone (248) 932-0300
    Fax (248) 932-0301