Current Use by Public Records
- Residential income homes
Property Details for 1255 Georgia Ave
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a 36-unit multifamily portfolio located at 1255 Georgia Avenue in Marysville, Michigan, 48040. The property encompasses 38,700 square feet and boasts a remarkable 100% occupancy rate, generating a substantial net operating income (NOI) of $326,629. This translates to a compelling 5.83% capitalization rate and a price per square foot of $144.70. The asking price for this well-maintained property is $5,600,000. Situated in the desirable Marysville area, this portfolio benefits from consistently high rental demand and a thriving tenant community, ensuring a stable and potentially lucrative investment. An assumable non-recourse loan is available with favorable terms at 4.11% interest until November 2031 (subject to terms outlined in the provided term sheet). The property's strong rental income history and current high occupancy, including a waiting list, underscore its exceptional investment potential. This portfolio represents a rare opportunity to acquire a stable, high-performing multifamily asset in a prime location. The property's size, occupancy rate, and strong financial performance make it an attractive prospect for investors seeking a reliable and growing income stream. Further details regarding the loan terms and property financials are available upon request.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marysville
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.4919
- Latitude
- 42.9125
