112 N Hazelton St - Apartments FOR SALE


Flushing, MI 48433
$925,000 USD
419-265-9618
112 N Hazelton St, Flushing, MI for Sale
$925,000 USD
Apartments - FOR SALE
1/31
null | 7.43% Cap Rate

112 N Hazelton St
Flushing, MI 48433


OVERVIEW

Hazelton Apartments has 11 units, 4 one-bedroom and one-bath units and 7 two-bed and one-bath units. These unit types range from 597 and 724 square feet, respectively. Currently Hazelton Apartments is operating at 100% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership. IPO has projected an NOI going forward of $68,699 based on average street rents and the June ‘25 thru May ‘26 T-12. Current street rent across the units is $1,045. However, when the complex is brought up to market, average rent increases to $1,130.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

11

PRICE/UNIT

$84,091

CAP RATE

7.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hazelton Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

24,027 SF

ZONING

-

APN/PARCEL ID

55-26-552-173

ASK ABOUT THIS PROPERTY

Caleb SmithIncome Property OrganizationMore Info
419-265-9618

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Caleb SmithIncome Property OrganizationMore Info
419-265-9618

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.