The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of the Crestview Manor Apartments in Leslie, MI. This 23-unit asset consists of (1) 1 bed 1 bath, (21) 2 bed 1 baths, and (1) 3 Bed 1 bath unit. Current ownership has fully upgraded approximately 19 out of 23 units with new kitchens, floors, lighting, paint, doors etc., in which the property has been impeccably maintained. Crestview Manor is outfitted with electric ceiling heat and electric wall AC units, and also individually metered for electric making tenants responsible for each, while the owners pay for water/sewer (no onsite gas). This asset sits in a unique location, with virtually no to minimal immediate market rate competition in Leslie, however, is a 20-minute drive to both Lansing and Jackson allowing for a wide prospective renter pool. Crestview Manor is being offered to the market as a stabilized cash flowing asset, with several opportunities to continue adding value. At the time of listing, Crestview Manor Apartments were 100% occupied, which is an easy indicator of rents being below market as the property currently sits today without making any additional upgrades. After doing an in-depth rent comp study in the OM, it is believed that the majority of rents are an average of $200-$250 below market. The majority of 2 beds are currently averaging rents between $725-$775, while current ownership just leased a 2 bed at $975. Please contact HMA for more information before this significant value-add opportunity is gone.