Known as Rynearson Village featuring 76 units, including 2 new duplexes (built in 2009) along with 6 houses(built in 2001), five 3-bedroom, 2 bath units; ten 2 bedroom, 2 bath units; Twenty Nine 2 bedroom, 1 bath units and twenty 1 bedroom and two studio apartments. Laundry facility on site not in cash flow. Cash flow records on file, but confidentiality is required and after site visit. All inquires through listing agent only. Gross operating income is from March 2011 rent roll. Current occupancy is 61%. With minor rehab at 75% Occupancy net income projected at $299,916 / year. With Major Rehab can be converted into 91 units at 100% occupancy projected net income $552,552 / year. An investors dream.<br/><br/>Brokered And Advertised By: Michigan Lakes & Land LLC<br/>Listing Agent: Paul DeLano
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
