Westland Portfolio

Under Contract | $13,595,500

Westland, MI | Units: 184 | Price Per Unit: $73,887 | Avg Sq Ft: 819 | GRM: 6.88 | DSC: 1.50 | Year 1 ROI: 6.30% | Listing Agent: Greg Coulter, Paul McHugh & Kevin Jahnke

Location

Executive Summary

The Westland Portfolio has 184 spacious units comprised of studio, one-bedroom, and two-bedroom apartment homes ranging in size from 580 to 931 square feet. These properties were built in 1965 and have been well-maintained over the years with mature trees and landscaping. This portfolio is operating at 88% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership.