White Lake Portfolio – INCOME PROPERTY ORGANIZATION

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White Lake Portfolio

Available | $1,600,000

148 Huronview Court, 150 Summit View Court,
and 206 Summit Ridge Drive
White Lake, MI 48386
Property Type: Multifamily
Number of Units: 12
Average Square Feet: 1,200
Price Per Unit: $133,333
Gross Rent Multiplier: 8.97
Debt Service Coverage: 1.34
Cash Flow: $28,978
Year One ROI: 5.17%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

This property boasts of 12 two-bedroom and one & one-half bath apartment homes, each measuring 1,200 square feet. The White Lake Portfolio was built in 1973-1977 and has been well maintained over the years. Currently the White Lake Portfolio is operating at 100% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership.

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