Executive Estates | 2320-2355 30th St SW
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Executive Estates 2320-2355 30th St SW
40 Unit Block of Flats £3,289,860 (£82,246/Unit) 8.63% Net Initial Yield Wyoming, MI 49519
Investment Highlights
- Matthews Real Estate Investment Services TM is pleased to offer The Executive Estates located at 2320-2355 30th St SW Wyoming, MI 49519.
- Increased rents stemming from extensive capital expenditures during ownership have been realized as tenants turnover or renew leases.
- Ample onsite parking available for all tenants.
- features 40 2-bedroom units spanning over 5 acres in 4 separate buildings, built in 1971 and renovated in 2021 with continuous renovations since.
- Well-managed and maintained: 95% occupied with 2 remaining units having laminate vinyl plank installed and will be leased shortly.
Executive Summary
Matthew M. Fitzgerald
License No. 6505432273 (MI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 6505432273 (MI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts Under Contract
| Price | £3,289,860 | Building Class | C |
| Price Per Unit | £82,246 | Lot Size | 2.92 AC |
| Sale Type | Investment | Building Size | 34,060 SF |
| Net Initial Yield | 8.63% | Average Occupancy | 100% |
| No. Units | 40 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1971/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Apartment Style | Garden |
| Price | £3,289,860 |
| Price Per Unit | £82,246 |
| Sale Type | Investment |
| Net Initial Yield | 8.63% |
| No. Units | 40 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.92 AC |
| Building Size | 34,060 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1971/2021 |
| Parking Ratio | 1.66/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 40 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £0 | Total Assessment | £910,195 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£910,195
zoning
| Zoning Code | R4 (Residential District) |
| R4 (Residential District) |
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Executive Estates | 2320-2355 30th St SW
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