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880, 890-900 Parkview Ave
Battle Creek, MI 49017
Parkview Avenue · Multifamily Property For Sale · 36 Units
PROPERTY FACTS
| No. Units | 36 | Building Size | 33,915 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1967 |
| Building Class | C | Parking Ratio | 0.71/1,000 SF |
| Lot Size | 1.51 AC |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 33,915 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 0.71/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Porch
Site Amenities
- Laundry Facilities
- Security System
About 880, 890-900 Parkview Ave , Battle Creek, MI 49017
One of the greatest attributes of this asset is the on-sight manager/staff that have indicated they would like to stay on if hired to do so. Current ownership has stated the current manager does a tremendous job as he has been with the property for 11 years. This offering not only presents an investor with the opportunity to acquire a turn-key cash flowing stabilized asset, but it also provides investors with upside potential. Current ownership is only charging $.65 Sq. Ft. for monthly rent, while surrounding market competitors are all getting closer to $.80- $. 90 Sq. Ft (please see rent comparisons towards the end of the offering memorandum). Current management is also only charging $1.00 per washer and dryer use, while market is closer to $1.50-2.00 per wash. Current ownership is also not charging any additional rent for the 24 on sight carports, which generally can generate an additional $20-$25 per carport per month in rental income. Please contact Greystone Bel today before this stabilized value add asset is gone.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 800 |
| 2+1 | 21 | - | 1,000 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,077,023 |
PROPERTY TAXES
zoning
| Zoning Code | R3 - High |
| R3 - High |
