Tel-Elm Apartments – INCOME PROPERTY ORGANIZATION

Tel-Elm Apartments

Available | $1,282,500

1118 N Telegraph Rd, and
17 & 25 E Elm Street, Monroe, MI 48162
Property Type: Multifamily
Total Number of Units: 19
Price Per Unit: $67,500
Average Square Feet: 628
Gross Rent Multiplier: 6.83
Debt Service Coverage: 1.21
Cash Flow: $16,002
Year One ROI: 4.99%

Listing Agent: A.J. Beachum, J.D.

Location

EXECUTIVE SUMMARY:

The Tel Elm portfolio offers a diverse range of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes, with sizes varying from 400 to 950 square feet. This split-site portfolio comprises four buildings in total. Two buildings on the east side of Telegraph Road, built in 1956, which include eight units and a billboard, and two buildings on East Elm Avenue, built in 1863 and 1885, featuring eleven units and a garage. The Tel Elm properties have been exceptionally well maintained over the years. Currently, they are operating at 100% physical occupancy and have consistently maintained this level of performance 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