115 West Apartments – INCOME PROPERTY ORGANIZATION

IMG-7906 EDIT

115 West Apartments

UNDER CONTRACT

115 West St, Battle Creek, MI 49037
Property Type: Multifamily
Number of Units: 39
Price Per Unit: $75,641
Average Square Feet: 1012
Gross Rent Multiplier: 7.36
Expense to Income Ratio: 50.41%
Year One ROI: 6.52%

Listing Agent: Joe Crane & Bryan Linton

Location

EXECUTIVE SUMMARY:

This community boasts a mix of 39 spacious one, two and three-bedroom and one-bath apartments. The 115 West Apartments were built in 1920 with the addition building added in 1988, the property has been well maintained over the years with mature trees and landscaping.

Currently 115 West is operating at 95% physical occupancy and the current ownership has maintained this level of performance historically. Perhaps even more impressive than this asset’s occupancy is the improved rents ownership is achieving on renewals and new leases.

115 West Apartments represents a well located asset in Battle Creek, poised for new ownership with a value add mentality . Contact IPO to set up a confidential tour before it’s 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