Building Details

Year Built 1976

Year Renovated 2011

Listing Agency: Ellsbury Group

Listed By: Brandy Bryan · License #6502433020

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 9:40AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ellsbury Group

Investment Insights

Based on property information with market context.

This 58-unit apartment property was developed in 1976 and underwent a full remodel in 2011. The asset operates under a USDA affordable housing agreement and participates in a 1602 program within the Low-Income Housing Tax Credit framework.

A USDA loan remains attached to the property and currently limits rents and distributions. The property is eligible for USDA loan prepayment, providing a defined change point for its existing affordability and financing structure. The property information also identifies consistent occupancy and a stable rent roll as current operating characteristics.

Key Highlights

• 58‑unit apartment property developed in 1976
• Fully remodeled in 2011
• Operates under a USDA affordable housing agreement

Property Analytics

Property Profile

Current Use

Village Common Apartments Apartment Building Blew by You ... Interior Design

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Hair Salon Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

58

Residential units

Location Intelligence

Trade Area within ½ mile

134

Businesses Nearby

Explore this area Business Placement

Demographics for 49065, MI

6,974

Population

3,559

Households

2

Avg Household Size

43

Median Age

23%

College-Educated

94%

High-School Grad

44.8 sq mi

ZIP Area

156

Density / Sq Mi

$73,125

Median Household Income

$46,625

Median Earnings

$856

Median Rent

$235,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Affordable housing community operating under a USDA agreement with LIHTC program participation and a 2011 renovation.

Where is this apartment building located?

The property is located at 350 W 4th St Lawton, MI.

What are key features of this property?

This property features: 58‑unit apartment property developed in 1976; Fully remodeled in 2011; Operates under a USDA affordable housing agreement