36 Unit Condo Portfolio with Assumable (4.11%) Nonrecourse Loan in Place

Highlights:

• - Assumable loan terms at 4.11% until November 2031 (see term sheet)
• - 38,700 total SF
• - 36 units
• - Prime location in Marysville
• - 100% occupancy rate (with waiting list)
• - Consistently high rental demand
• - Well-maintained property
• - Strong rental income history
• - Opportunity for portfolio expansion
• - Proximity to amenities and conveniences

Description:

Introducing the prime investment opportunity at 1255 Georgia Avenue (16 units) 1201 11th Street (14 units) & 1351 New York Street (6 units) in Marysville, MI. This expansive 38,700 SF portfolio boasts 36 units and is currently operating at maximum capacity with 100% occupancy. Assumable Nonrecourse financing in place. Situated in the sought-after Marysville area, this property presents an alluring prospect for multifamily and single-family rental portfolio investors. With a strong performance history and a thriving tenant community, this well-maintained property offers a compelling blend of stability and growth potential.

Marysville, MI, is a thriving community located along the scenic St. Clair River, offering a high quality of life with excellent schools, recreational amenities, and a robust local economy. The city boasts a strategic location with easy access to major transportation routes, making it attractive for both residents and businesses. With a growing demand for housing driven by economic development and a strong sense of community, Marysville presents a rare and compelling opportunity for investing in this 36-unit apartment real estate portfolio.

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