Location

EXECUTIVE SUMMARY:

Polo Club Apartments (80 Units) is located at 861 E Michigan Avenue, one mile east of the downtown nightlife of Marshall, with great bars and restaurants. Polo Club Apartments are condos with each apartment having its own parcel identification number. They were built between 1967 – 1976. They are garden style apartments constructed of brick with an asphalt roof. The property contains a unit mix of four 350 ft.2 efficiency units, fifty-two 550 ft.2 one-bedroom one bath units, sixteen 850 ft.2 two-bedroom one bath units and eight 950 ft.2 two-bedroom one and one-half bath units. Notable for investors is the excellent LOCATION and condition of this asset. The utility breakdown of this property is as follows. All of the buildings have hot water baseboard heating with air conditioning units through the wall. The landlord is responsible for water and heat, and the tenant is responsible for the electric. There are two down sub-level units due to grading issues which have allowed water penetration.