Airport Road Apartments – INCOME PROPERTY ORGANIZATION

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Airport Road Apartments

Available | $650,000

4081 Airport Road, Waterford, MI 48329
Property Type: Multifamily
Number of Units: 5
Average Square Feet: 1,200
Price Per Unit: $130,000
Gross Rent Multiplier: 8.90
Debt Service Coverage: 1.30
Cash Flow: $10,396
Year One ROI: 4.57%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

This property boasts of 5 two-bedroom and one & one-half bath townhomes, each measuring 1,200 square feet. The Airport Road Apartments were built in 1971 and have been well maintained over the years with landscaping. Currently the Airport Road Apartments are operating at 100% physical occupancy and have 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