Canfield Manor – INCOME PROPERTY ORGANIZATION

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Canfield Manor

Available | $1,850,000

314-320 North Ave. & 149 Canfield
Mt. Clemens MI 48043
Property Type: Multifamily
Number of Units: 25
Average Square Feet: 562
Price Per Unit: $74,000
Gross Rent Multiplier: 7.44
Debt Service Coverage: 1.37
Cash Flow: $38,220
Year One ROI: 6.89%

Listing Agent: Jason Gardner

Location

EXECUTIVE SUMMARY:

This community boasts 24 one-bedroom and one-bath apartments and 1 single-family home measuring 550 square feet and 850 square feet, respectively. Canfield Manor was built in 1965 and has been well maintained over the years.

Currently Canfield Manor is operating at 100% physical occupancy and has maintained this level of performance. It represents a well-located asset near Mt. Clemens, poised for new ownership with a value-add mentality.

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