Golden Bridge Manor – INCOME PROPERTY ORGANIZATION

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Golden Bridge Manor

UNDER CONTRACT

248 Divine Highway, Portland, MI 48875
Property Type: Multifamily
Number of Units: 22
Average Square Feet: 828
Gross Rent Multiplier: 6.55
Expense to Income Ratio: 47.10%
Debt Service Coverage: 1.27
Year One ROI: 6.87%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

Golden Bridge Manor consists of 22 units, of which 6 are one-bedroom and 16 are two-bedroom apartments measuring 635 and 900 square feet respectively. The complex is currently 100% occupied. It was developed in 2006 as a Low-Income Housing Tax Credit (LIHTC) property. Golden Bridge Manor offers affordable, quiet living with a community feel.

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