Huron River Shelby – INCOME PROPERTY ORGANIZATION

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Huron River Shelby

Available | $1,990,000

51611 Mound Rd, Shelby Township, MI 48316
Property Type: Multifamily
Total Number of Units: 12
Price per Unit: $165,833
Average Square Feet: 900
Gross Rent Multiplier: 10.67
Expense to Income Ratio: 36.02%
Debt Service Coverage: 1.34
Year One ROI: 3.80%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

Huron River Shelby consists of 12 units, all of which are upgraded two-bed / one-bath units measuring 900 square feet. This property was built in 1962 and has been well-maintained over the years with mature trees and landscaping. This property has received over $90,000 of Cap-Ex improvements such as new electrical panels in every unit, granite countertops, LVP flooring, 6-panel doors, and stainless steel appliances. There is an additional $100,000 being spent on EV Chargers.

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