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Ann Arbor Area Multifamily | 64 Units

$15,600,000

Southeast Ann Arbor Multifamily, Pittsfield Township, MI

Active
Last Updated: 09/03/2021

5.5

Cap Rate

857,000

NOI

Details:
Cap Rate:    5.5%
NOI:    $857,000
Building Size:    96,000 sqft
Lot Area:    5.86 acres
Occupancy:    100%
Units:    64
Year Built:    2013
Floors:    3
Highlights:
  • Principals Only. Call 734-665-6500 for more information.
  • 100% leased, new construction multifamily in SE Ann Arbor.
  • Stable in-place annual income with the opportunity for condo-conversion as exit strategy.
  • Spacious three bedroom townhome floor plans with attached 1-car direct entry garage
  • Well-planned kitchen with designer cabinetry, granite counter-tops in kitchen and bathrooms and wood design plank flooring in kitchen, dining, foyer, and powder room
  • Kitchen comes fully equipped with stainless steel appliances, gas range, refrigerator, dishwasher and microwave.
  • Other amenities include: Full-size washer and dryer, wood shelving in all closets,private decks, energy efficient heating systems, windows, and door walls, central air conditioning & cable-ready in living room and bedrooms.
Description:

Oxford Commercial is pleased to present the opportunity to acquire a 100%-occupied 64 unit apartment building consisting of all three bedroom townhomes. Sellers debt must be assumed.

Map:
Documents:
Title
Sale_Brochure.pdf
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