Kiwanian Senior Community – INCOME PROPERTY ORGANIZATION

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Kiwanian Senior Community

UNDER CONTRACT

1270 Electric Ave, Lincoln Park, MI 48146
Property Type: Multifamily
Number of Units: 70
Price Per Unit: $69,929
Average Square Feet: 500
Gross Rent Multiplier: 6.35
Expense to Income Ratio: 46.05%
Debt Service Coverage: 1.63
Cash Flow: $160,248
Year One ROI: 9.35%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

This senior 55+ community boasts 70 spacious one-bath apartment homes, each measuring 500 square feet. Kiwanian Senior Community was built in 1974 and has been well maintained over the years with mature trees and landscaping. Currently Kiwanian Senior Community is operating at 100% occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership.

The Kiwanian Senior Community represents a well-located asset in Lincoln Park. Contact IPO to set up a confidential tour before it is gone.

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