Lockwood Apartments – INCOME PROPERTY ORGANIZATION

Lockwood google street view

Lockwood Apartments

SOLD: $6,250,000

300 S Main St, Davison, MI 48423
Property Type: Multifamily
Number of Units: 191
Price Per Unit: $32,723
Average Square Feet: 458

Listing Agents: A.J. Beachum, J.D. & Joe Crane

Location

EXECUTIVE SUMMARY:

Lockwood is a Low-Income Housing Tax Credit development that also has a Project-Based HAP contract on 88 units. The complex has maintained outstanding historical occupancy in recent years, requiring only minimal management oversight from ownership. Lockwood represents a well-built, well-located, newer vintage asset with a highly sought after value-add component.

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, J.D.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio