7201 Maple Valley Rd - Apartments FOR SALE


Brown City, MI 48416
$795,000 USD
419-265-9618
7201 Maple Valley Rd, Brown City, MI for Sale
$795,000 USD
Apartments - FOR SALE
1/15
null | 7.78% Cap Rate

7201 Maple Valley Rd
Brown City, MI 48416


HIGHLIGHTS

  • Turnkey
  • 90% occupied
  • Tenant paid electric, gas, water

OVERVIEW

Maple Valley Apartments has 10 units, 5 one-bedroom and one-bath units and 5 two-bed and one-bath units. These unit types range from 700 and 850 square feet, respectively. Currently Maple Valley Apartments is operating at 100% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership. IPO has projected an NOI going forward of $61,866 based on average street rents and the 2025 Year End Financial Statement. Current street rent across the units is $895. All units feature espresso cabinets, some with dishwashers. Onsite laundry room Low expenses - Tenant paid electric, gas, water.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$47 USD /SF

# OF UNITS

10

PRICE/UNIT

$79,500

CAP RATE

7.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maple Valley Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.16 AC

LAND SF

224,664 SF

ZONING

-

APN/PARCEL ID

300-017-200-050-00

ASK ABOUT THIS PROPERTY

Caleb SmithIncome Property OrganizationMore Info
419-265-9618

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Caleb SmithIncome Property OrganizationMore Info
419-265-9618

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