Location

EXECUTIVE SUMMARY:

Kingsley Apartments is a 24 unit, garden-style property located in Corunna, Michigan. Consisting of six two-story buildings with reinforced concrete foundations, brick exteriors, and low-pitch roofs, the property was constructed in 1972 on a 2.7 acre site. Notable for investors is the tenant-paid heat with individual boilers in the two southern buildings and tenant paid gas-forced air in the northern four buildings. Occupancy is currently at 96%, and reflects the strong historical operations. Kingsley Apartments has been well maintained with numerous recent capital improvements including: 11 new Magic-Pac furnaces, one new roof, and unit upgrades receiving new flooring, countertops, and appliances. This offering represents a turn-key investments opportunity with easy upside via rental rate increases.

MEET OUR TEAM

GregoryDCoulter

Founder & Managing Member Michigan

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Jason Gardner

Associate Broker, Michigan

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J.J. Zwada

Associate Broker, Michigan | Broker, Indiana

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A J Beachum

Associate Broker, Michigan | Broker, Ohio

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Bruce Lister

Sales Associate Michigan and Ohio

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John Teringo

Sales Associate Michigan and Ohio

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Joseph Crane

Sales Associate Michigan

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Paul McHugh

Sales Associate Michigan and Ohio

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