Remar Apartments – INCOME PROPERTY ORGANIZATION

16551-E-12-Mile-Rd-Roseville-MI-Primary-Photo-1-HighDefinition

Remar Apartments

Available | $1,175,000

16551 -16579 12 Mile Rd, Roseville, MI 48066
Property Type: Multifamily
Total Number of Units: 8
Price Per Unit: $146,875
Average Square Feet: 860
Gross Rent Multiplier: 9.61
Debt Service Coverage: 1.07
Cash Flow: $4,642
Year One ROI: 1.58%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

Remar Apartments are located in Roseville; this friendly community is within walking distance to shopping, banks, parks, and a great school district. The complex was built in 2003 and has been well-maintained over the years. It contains 8 two-bedroom, one-bath units, each measuring 860 square feet. Currently Remar is operating at 100% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership.

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