Fairfield Arms Apartments – INCOME PROPERTY ORGANIZATION

Fairfield Apartments (4) EDIT

Fairfield Arms Apartments

Available | $2,500,000

14950 Fairfield Lane, Livonia, MI 48154
Property Type: Multifamily
Total Number of Units: 20
Price Per Unit: $125,000
Average Square Feet: 840
Gross Rent Multiplier: 9.64
Debt Service Coverage: 1.25
Cash Flow: $30,833
Year One ROI: 3.52%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

Fairfield Arms Apartments are located in Livonia, and this friendly community is within walking distance to shopping, banks, and parks. The complex was built in 1963 and has been well-maintained over the years with mature trees and landscaping. It contains 12 one-bedroom, one-bath units, each measuring 900 square feet, and 8 two-bedroom, one-bath units, each measuring 1,100 square feet.

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