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Venlo Place Apartments 15345 Venlo Pl

66 Unit Block of Flats £5,993,567 (£90,812/Unit) Big Rapids, MI 49307

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Investment Highlights

In walking distance of Ferris State.

Located East of US 131 and West of Ferris State University.

Executive Summary

Vision Real Estate is pleased to present Venlo Place, a Multifamily / Student Housing investment opportunity located within walking distance to Ferris State University. Conveniently located just East of US 131 and just West of Ferris State University, Venlo place has a wonderful history of great leasing and occupancy, providing a stable, cash flowing asset with the opportunity to grow rent with its close proximity to a growing University.

Property Facts

Price	£5,993,567	Lot Size	12.63 AC
Price Per Unit	£90,812	Building Size	108,280 SF
Sale Type	Investment	Average Occupancy	92%
No. Units	66	Number of Floors	3
Property Type	Residential	Year Built	2006
Property Subtype	Apartment	Parking Ratio	2.49/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price	£5,993,567
Price Per Unit	£90,812
Sale Type	Investment
No. Units	66
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	B
Lot Size	12.63 AC
Building Size	108,280 SF
Average Occupancy	92%
Number of Floors	3
Year Built	2006
Parking Ratio	2.49/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.