The Gardens Apartments – INCOME PROPERTY ORGANIZATION

Ext5 SMALL

The Gardens Apartments

Available | $3,995,000

1250 E West Maple RdWalled Lake, MI 48390
Property Type: Multifamily
Number of Units: 32
Average Square Feet: 725
Price Per Unit: $124,844
Gross Rent Multiplier: 8.96
Debt Service Coverage: 1.37
Cash Flow: $70,676
Year One ROI: 5.05%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

The Gardens Apartments have 24 one-bed / one-bath units, each measuring 700 square feet, and 8 two-bed / one-bath units, each measuring 800 square feet. They were built in 1974 and completely rehabbed in 2023. Currently, The Gardens is operating at 96.9% physical occupancy.

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