Dickinson Manor Townhomes – INCOME PROPERTY ORGANIZATION

Dickinson Manor TH (1)

Dickinson Manor Townhomes

Available | $1,200,000

154 Dickinson Street, Mt. Clemens, MI 48043
Property Type: Multifamily
Number of Units: 18
Price Per Unit: $66,667
Average Square Feet: 800
Gross Rent Multiplier: 6.66
Cash Flow: $33,503
Year One ROI: 7.98%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

This community boasts of 18 spacious two-bed / one-and-a-half-bath townhomes, each measuring 800 square feet. Dickinson Manor Townhomes was built in 1972 and has been well maintained over the years with mature trees and landscaping.

Currently, Dickinson Manor Townhomes is operating at 72.2% physical occupancy. The tenants have brought their own appliances to nine of the units. The other nine units have owner supplied appliances. The owner has put in significant Cap Ex over the last two years: 11 units have been upgraded, a new roof, and new vinyl siding.

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