Huron River Shelby consists of 12 units, 3 two-bedroom, one-bath upgraded units, measuring 900 square feet & 9 two-bedroom, one-bath upgraded units
with granite & stainless-steel appliances, measuring 900 square feet. This property was built in 1962 and has been well-maintained over the years with
mature trees and landscaping. Huron River Shelby offers quiet living with a community feel.
IPO has projected an NOI going forward of $119,329 based on street rents and T-12 December 2024 – November 2025 expenses. However, in year two, when the complex is brought up to market, the NOI increases to $131,712.
This property has received over $90,000 of Cap-Ex improvements, such as new electrical panels in every unit, granite countertops, LVP flooring, 6-panel doors,
and stainless-steel appliances. There is an additional $100,000 being spent on EV Chargers.