School Street Villas – INCOME PROPERTY ORGANIZATION

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School Street Villas

Available | $840,000

284 School Street, Brooklyn, MI 49230
Property Type: Multifamily
Number of Units: 12
Average Square Feet: 830
Price Per Unit: $70,000
Expense to Income Ratio: 49.07%
Debt Service Coverage: 1.36
Year One ROI: 7.04%

Listing Agent: Paul McHugh

Location

EXECUTIVE SUMMARY:

School St Villas has 12 spacious three-bedroom and 1 ½ -bath townhomes, each measuring 1300 square feet. It was built in 1993 and has been well maintained over the years. Currently School Street Villas are operating at 100% physical occupancy and have maintained this level of performance for many years, requiring only minimal management oversight from ownership. Even more impressive than this asset’s occupancy are the improved rents ownership is achieving on renewals and new leases.

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

Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio