Lux off Washington

Lux off Washington
Available | $3,350,000

Bay City, MI | Units: 42 | Price Per Unit: $79,762 | Avg Sq Ft: 246 | GRM: 7.22 | DSC: 1.59 | Cash Flow: 98,839.00 | Year 1 ROI: 8.43% | Listing Agent: Caleb Smith

Location

Executive Summary

Lux off Washington has 42 units; 40 studio units, 1 one-bedroom / one-bathroom unit, and 1 two-bedroom / one-bathroom unit. These unit types measure 220-250, 368, and 1,050 square feet respectively. The property was built in 1960. Currently Lux off Washington is operating at 100% physical occupancy and has maintained this level of performance in recent months, requiring only minimal management oversight from ownership.