Woodside Apartments

Sold | $3,125,000

Grand Blanc, MI | Units: 36 | Price Per Unit: $86,806 | Avg Sq Ft: 1,050 | GRM: 8.25 | DSC: 1.76 | Year 1 ROI: 12.63% | Listing Agent: Greg Coulter & A.J. Beachum, J.D.

Location

Executive Summary

Golfside is a well-maintained, quiet, multifamily community located on the southeast side of Grand Blanc, on the southside of Townline Road, east of Saginaw Road. It is located next to The Jewel of Grand Blanc golf course. This nine-building complex was built in 1970 and has a combined 36 units. The property offers a diversified and extremely competitive unit mix comprised of 36 two-bedroom units with approximately 1,050 sq.ft. of living space. Each apartment has an individual gas-forced air furnace with central air and a garage. The landlord is responsible for the water, and electric in the common areas, and the tenants are responsible for their own gas and electric.