Oakhurst Apartments

Available | $1,995,000Price Reduced

Kalamazoo, MI | Units: 24 | Price Per Unit: $83,125 | Avg Sq Ft: 642 | GRM: 7.11 | DSC: 1.35 | Year 1 ROI: 5.11% | Listing Agent: Joe Crane

Location

Executive Summary

Oakhurst has a great unit mix of 4 one-bed / one-bath units with approximately 600sf, and 20 two-bed / one-bath apartment homes with approximately 650sf. Oakhurst was built in 1980 with mature trees and landscaping and is located just minutes from some of West Michigan’s largest employers, Pfizer and Stryker.

Oakhurst currently boasts a 100% physical occupancy and has maintained high occupancy levels for many years. This is in large part due to the property’s location as well as its current physical condition. Current ownership has completed almost $200k in CAPEX including roofs, concrete entryways, decks, and unit improvements.