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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

PROPERTY TAXES

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