4130 Oak Park Dr SE - Apartments FOR SALE


Grand Rapids, MI 49508- Outer Kentwood/Wyoming
$3,999,000 USD
989-980-7359
4130 Oak Park Dr SE, Grand Rapids, MI for Sale
$3,999,000 USD
Apartments - FOR SALE
1/13
null | 7.4% Cap Rate

4130 Oak Park Dr SE
Grand Rapids, MI 49508
Outer Kentwood/Wyoming


HIGHLIGHTS

  • Below Market Rents
  • Value Add Opportunity
  • Strong Rental Market

OVERVIEW

MOXIE is pleased to exclusively offer Oak Park Apartments for sale, a 42-unit apartment building. Oak Park offers a strong value add opportunity. There are many apartment complexes on Oak Park Dr already renovated, proving out the value add strategy. Current rents remain below market, providing significant upside potential for new ownership. The property has demonstrated strong historical performance and is currently 94% occupied. Oak Park Aprs presents a well-located, stable investment opportunity in the growing Grand Rapids market, ideal for an investor seeking value-add potential and long-term growth. To learn more or arrange a confidential tour, contact MXmulti@workwithmoxie.com

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

42

PRICE/UNIT

$95,214

CAP RATE

7.4%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

MDR

APN/PARCEL ID

41-18-20-430-012

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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