River Ridge Apartments are located in Davison Township. This friendly community is within walking distance to shopping, banks, parks, and a great school district. The complex was built in 1974 and has been well-maintained over the years, with the recent improvement of four new roofs. It contains 123 apartment homes: 57 one-bedroom, one-bath units, each measuring 530 square feet, 42 two-bedroom, one-bath units, each measuring 732-897 square feet, and 24 two-bedroom, one-and-a-half-bath townhome units, each measuring 1,433 square feet. The townhomes have individual furnaces with the landlord being responsible for water. The apartments have a boiler in each building with the landlord being responsible for water & gas. There is a resident utility billing system (RUBS) in place with the following charges. • One-bedroom Apartment – Water is $35 and Gas is $20 per month • Two-bedroom Apartment – Water is $50 and Gas is $25 per month • Two-bedroom Townhome – Water is $65 IPO has projected an NOI going forward of $734,568 based on street rents and the T-12 March 2025 – February 2026 P&L. However, in year two, when the complex is brought up to market, the NOI increases to $785,084.