Location

EXECUTIVE SUMMARY:

Clawson Center Apartments (13 Units) are located at 403-427 S Crooks Road, only a short distance to the downtown nightlife with great bars and restaurants. Clawson Center Apartments were built in 1962 and consist of a ranch style building constructed of brick with a Hi-Pitch (Asphalt Shingles) roof. The property contains a unit mix of 12 one-bedroom units (650 sq.ft.), and 1 two-bedroom unit ( 800 sq.ft.).

Notable for investors is the excellent location and condition of this asset. The owner has made the following capital improvements: Landscaping $25,000, Roof (2019) $49,000, Balcony (2018) $20,000, 5 Rehabbed Units, Newer Water Heater, Replaced 60% of Windows and Storm Doors. The utility breakdown of this property includes tenant-paid electricity and Landlord-paid water and heat with hot water-baseboard heating.