River Walk Villa is a garden-style complex built in 1972, consisting of one building sitting on 4.04 acres. There is an attractive unit mix of 12 one-bedroom units (725 sq. ft.), and 12 two-bedroom units (850 sq. ft.). A private garden space and serene river walk across the street give River Walk Villa a strong sense of community. Notable for investors is the historical occupancy of 95-100%. The property is well located, less than two miles from Kellogg Company’s World Headquarters, Kellogg Community College, and Downtown Battle Creek. Due to this exceptional location, it provides tenants with numerous retail, educational, recreational, and entertainment opportunities that are close to home.
River Walk Villa has experienced recent capital improvements with a majority of the units receiving significant upgrades such as flooring, fixtures, and faux stainless steel appliances. Ownership replaced the boiler in 2018, a substantial investment a buyer will benefit from for many years to come. The property is outfitted with a land lord paid hot water baseboard heating system, and the electricity is separately metered. Amenities at the property include a garden, on-site laundry, and window air conditioning units. The property is also outfitted with a well and pump for irrigation, a huge incentive for investors. A major factor affecting the strong historical performance of this asset is its proximity to the I-94 & US-69 interchange.