Location

EXECUTIVE SUMMARY:

University Place Apartments were built in 1989 and consist of garden style apartments, constructed of brick with Hi-Pitch (asphalt shingles) roofs. The property contains a unit mix of 11 one-bedroom units (900 sq.ft.), 42 two-bedroom/one-bath units (1000 sq.ft.), 35 two-bedroom/1.5-bath units (1020 sq.ft.), and 1 three-bedroom/two-bath unit (1200 sq.ft.). University Place Apartments provides a variety of amenities including: on-site parking, pool, state of the art fitness center, and racquetball courts.

University Place is a value add opportunity with rents more than $100 below market. such a delta between existing and market rents provides a new owner with the unique opportunity to greatly improve this asset’s cash-flow position without making any financial investment in the property. The utility breakdown is as follows: Tenant paid electricity, and landlord paid heat and water.

MEET OUR TEAM

GregoryDCoulter

Founder | Managing Member, Michigan

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Jason Gardner

Partner | Associate Broker, Michigan

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Associate Broker, Michigan | Broker, Ohio

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J.J. Zwada

Associate Broker, Michigan | Managing Broker, Indiana

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Bruce Lister

Sales Associate Michigan and Ohio

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Joseph Crane

Sales Associate Michigan

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Paul McHugh

Sales Associate Michigan | Associate Broker Ohio

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Matt Seeley

Associate Broker, Michigan | Executive Assistant

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Sales Associate, Michigan | Broker, Indiana

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Sales Associate - Midwest

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