Location
Executive Summary
Royale Glen is an apartment community consisting of townhomes. It offers a unit mix of 42, large two-bedroom units with 1,094 ft.2 of living space and 36, three-bedroom units with 1,251 ft.2 of living space. Royale Glen is a Low Income Housing Tax Credit (LIHTC) property and eligible for the Qualified Contract Process in 2025. Notable for investors is the occupancy which has maintained levels between 95-100%. One reason for that is the location, size of the units, as well as minimal deferred maintenance at the property. Royale Glen is outfitted with tenant-paid gas-forced air furnaces for heating and central air. The property is located approximately 3 miles from the heart of downtown Muskegon. This location provides tenants with numerous retail, educational, recreational, and entertainment opportunities that are close to home. Royale Glen has been well-maintained, and this offering represents a turn-key investment with an abundance of upside for a multifamily investor.