Oakhurst Apartments – INCOME PROPERTY ORGANIZATION

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Seabrook Apartments

Available | $2,150,000

4037 S Rose St, Kalamazoo, MI 49001
Property Type: Multifamily
Total Number of Units: 24
Average Square Feet: 642
Price per Unit: $89,583
Gross Rent Multiplier: 7.67
Expense to Income Ratio: 46.32%
Debt Service Coverage: 1.35
Year One ROI: 4.29%

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.

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