630-335-4495
7566 Currier Dr, Portage, MI for Sale
Apartments - FOR SALE
1/4
null | Request Cap Rate

7566 Currier Dr
Portage, MI 49002


HIGHLIGHTS

  • Spacious oor plans with private patios/balconies, fully equipped galley-style
  • 98% occupied
  • 32 market rate units
  • kitchens, and in-unit W/D

OVERVIEW

The Hearthside is a 160-unit independent senior living community located in Portage, MI, a desirable suburb of the greater Kalamazoo area. The location offers convenient access to healthcare, retail, and major thoroughfares, making it an attractive setting for senior residents. Originally constructed in 1991 and renovated with LIHTCs in 2011, the community features a mix of one-story walk-up buildings and two-story apartment buildings in a neighborhood-style setting. The buildings are well-maintained and situated across a site with abundant green space, creating a tranquil, park-like environment. The property includes 128 LIHTC-restricted units and 32 market-rate units and is currently operating at near full occupancy. With in-place rents below market levels, The Hearthside presents an opportunity for continued rent growth and operational upside. The Hearthside offers investors a stable, income-producing senior housing asset with long-term upside potential in a strong and growing market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

160

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hearthside Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

160

LAND DETAILS

LAND ACRES

17.25 AC

LAND SF

751,410 SF

ZONING

MF

APN/PARCEL ID

10-00015-353-C

ASK ABOUT THIS PROPERTY

Neal WolfPerformance Real Estate AdvisorsMore Info
630-335-4495

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

Neal WolfPerformance Real Estate AdvisorsMore Info
630-335-4495

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