Elm Portfolio – INCOME PROPERTY ORGANIZATION

Elm Portfolio

Available | $742,500

17 & 25 E Elm Street, Monroe, MI 48162
Property Type: Multifamily
Total Number of Units: 11
Price Per Unit: $67,500
Average Square Feet: 646
Gross Rent Multiplier: 6.31
Debt Service Coverage: 1.21
Year One ROI: 4.94%

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

Location

EXECUTIVE SUMMARY:

The 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 portfolio comprises two adjacent buildings on East Elm Avenue and South Monroe Street, built in 1863 and 1885, featuring eleven units and a garage. The Elm properties have been exceptionally well maintained over the years. Currently, Tel Elm is operating at 100% physical occupancy and has 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