Pheasant Run – INCOME PROPERTY ORGANIZATION

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Pheasant Run

Available | $2,000,000

10000 S Westnedge Ave, Portage, MI 49024
Property Type: Multifamily
Number of Units: 24
Price per Unit: $83,333
Average Square Feet: 750
Gross Rent Multiplier: 7.06
Debt Service Coverage: 1.35
Year One ROI: 5.22%

Listing Agent: Joe Crane

Location

EXECUTIVE SUMMARY:

This community boasts a great unit mix of 18 two-bedroom / one-bath apartment homes with approximately 775 sf, and 6 one-bedroom / one-bath units with approximately 675 sf. Pheasant Run was built in 1980 with mature trees and landscaping and is located just minutes from some of West Michigan’s largest in employers – Phizer and Stryker. Pheasant Run currently boasts a 100% physical occupancy and has maintained high occupancy levels for many years.

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, J.D.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Managing Broker, Florida | Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio