Park Place Apartments is a stabilized 16 unit apartment building located in Dewitt, MI. The units are all two bedroom one bath, approximately 800 square feet with their own separate entrance. There are four buildings total, with over two parking spots per unit. The property is 100% occupied grossing +$17,500 per month, with an annual gross potential rent of $233,786. The property is being offered at an attractive 9.5% CAP rate with room to increase rents, and the CAP rate closer to 10.5%.