$2375000

Windemere Village
  • Units: 71
  • Cap Rate: 7.10 Percent
  • Price Paying: -
  • Price Per Unit: $33,451
  • Property Type: Multi Family
  • Gross Rent Multiplier: -
  • Year Built: 1976
  • Monthly Income Per Unit: -
  • Expense to Income Ratio: -
  • Average Square Feet: 50,292
  • Debt Service Coverage: -
  • Cash Flow: -
  • ROI Year One: -
  • Listing Agent: A.J. Beachum, JD & J.J. Zwada
  • Property Features: Windemere is a garden-style community built in 1976. There are five buildings comprised of an excellent mix of 46 one-bedroom units and 25 two-bedroom units (866 ft.2). Notable is the level of rehabilitation this asset has received over the last two years, which included: numerous unit upgrades ($86,775), new appliances ($12,043), HVAC replacement ($6,327), parking lot improvements ($18,725), security camera installation ($13,823), and various other building improvements ($27,844). In total over $150,000 was spent on improving the complex in the last two years alone. Also noteworthy is the utility set-up at Windemere, which included tenant-paid, electric-baseboard heat.
  • 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