2050 Inverway Court in Kalamazoo, Michigan is a 6 Building, 18-Unit Multi-family property with Great value add potential. Currently the properties total 27,000 SF with a unit mix of 6-two bedroom, 1-bath, 900 SF, 11-two bedroom, 1-bath, 1800 SF, and 1-four bedroom, 2-bath, 1800-sf units. With the planned four-bedroom conversions, Nu Michigan Apartments is positioned to unlock substantial rent growth and long-term value. The total conversion cost of $187,000, based on $17,000 per unit for eleven units, is projected to generate an annual rent increase of $78,012 while strengthening the property’s competitive position in the market. e value-add program supports a pro forma CAP RATE OF 10 PERCENT, driven by rental premiums that remain conservative compared to existing benchmarks. Current four-bedroom conversions are already achieving $2,200 per month, or $1.22 PER SQUARE FOOT, which remains well below the $1.51 per square foot achieved by smaller two-bedroom units. is gap highlights significant upside potential through continued upgrades and execution of the conversion strategy. Return on investment calculations underscore the compelling nature of this opportunity. With a $187,000 investment, the property produces an additional $78,012 in annual rent, generating an ROI of 641 PERCENT and an annualized ROI of 42 PERCENT. is proven rent growth story, paired with highly attractive returns, highlights the strength of the Nu Michigan value-add strategy.