Birch Tree Apartments – INCOME PROPERTY ORGANIZATION

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Birch Tree Apartments

UNDER CONTRACT

6129-6201 Beechfield Dr., Lansing, MI 48911
Property Type: Multifamily
Number of Units: 60
Price Per Unit: $70,000
Average Square Feet: 692
Gross Rent Multiplier: 7.07
Expense to Income Ratio: 44.03
Debt Service Coverage: 1.21
Year One ROI: 5.40%

Listing Agent: A.J. Beachum, J.D.

Location

EXECUTIVE SUMMARY:

This community boasts 60 units with an excellent mix of 35 one-bedroom units, measuring 650 square feet, and 25 two-bedroom units, measuring 750 square feet. Birch Tree Apartments was built in 1969 and has been well maintained over the years with mature trees and landscaping.

Currently Birch Tree is operating at 93% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership. Even more impressive than this asset’s occupancy are the improved rents ownership is achieving on renewals and new leases.

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