Park Manor Apartments 9766 Rose Hill Rd

The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of the Park Manor apartments in Berrien Springs, MI. Built in 1970-1973 (85 units) and 2021 (12 units), this 97-unit asset consists of (31) 1 Bed 1 Bath units averaging 504 SF, (59) 2 Bed 1 Bath units averaging 658 SF and (7) 3 Bed 2 Bath units averaging over 1,088 SF. Park Manor has seen a significant amount of recent capital improvements, including new roofs, new siding on all 2 story buildings, ½ of the parking lot being replaced, and approximately 80% of the units being lightly renovated with new flooring, paint and lighting etc. This asset is outfitted with tenant paid heat and electric and has an in-place RUBS for water /sewer. Residents enjoy many amenities such as having an onsite office, common area laundry and being 1.8 miles from Andrews University, a growing Christian college with both undergraduate and graduate degrees.

Currently 98.97% occupied, Park Manor presents an attractive turn-key investment opportunity with most of the major capital improvements completed. This opportunity allows an investor the ability to reap the rewards of not only stabilized cash flow, but also continue adding value. It is HMA’s professional opinion rents can continue to be pushed upwards with the overall market averaging 96.9% occupancy with no known market rate developments being constructed in the market (according to costar.com- Niles, Benton Harbor, Berrien Springs market). In addition, this asset has the potential to add an additional 7-8 units by splitting each 3 bed 2 bath units into two units and converting excessive office space into a rentable unit. Please contact HMA before this stabilized cash flow asset is gone.