880, 890-900 Parkview Ave
Battle Creek, MI 49017
Parkview Avenue · Residential Property For Sale · 36 Units
PROPERTY FACTS
No. Units | 36 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 1.51 AC |
Building Size | 33,915 SF |
Average Occupancy | 100% |
Number of Floors | 3 |
Year Built | 1967 |
Parking Ratio | 0.71/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Porch
Site Amenities
- Laundry Facilities
- Security System
About 880, 890-900 Parkview Ave , Battle Creek, MI 49017
One of the greatest attributes of this asset is the on-sight manager/staff that have indicated they would like to stay on if hired to do so. Current ownership has stated the current manager does a tremendous job as he has been with the property for 11 years. This offering not only presents an investor with the opportunity to acquire a turn-key cash flowing stabilized asset, but it also provides investors with upside potential. Current ownership is only charging $.65 Sq. Ft. for monthly rent, while surrounding market competitors are all getting closer to $.80- $. 90 Sq. Ft (please see rent comparisons towards the end of the offering memorandum). Current management is also only charging $1.00 per washer and dryer use, while market is closer to $1.50-2.00 per wash. Current ownership is also not charging any additional rent for the 24 on sight carports, which generally can generate an additional $20-$25 per carport per month in rental income. Please contact Greystone Bel today before this stabilized value add asset is gone.
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 15 | - | 800 |
2+1 | 21 | - | 1,000 |
Links
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £595,960 |
zoning
Zoning Code | R3 - High |
Listing ID: 17145727
Date on Market: 09/09/2019
Last Updated:
Address: 880, 890-900 Parkview Ave, Battle Creek, MI 49017
The Battle Crk/W Calhoun Cnty Residential Property at 880, 890-900 Parkview Ave, Battle Creek, MI 49017 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.