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1017 E Broadway St
Mount Pleasant, MI 48858
Asking Price
$970K
Cap Rate
8.1%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 8.10% CAP | 15 Units <ul><li>Broadway Apartments presents investors with an attractive value-add opportunity through a combination of interior unit upgrades and continued rent optimization. Current ownership has established a stable operating foundation, while future ownership can capitalize on the property's upside potential by implementing strategic renovations, modernizing unit interiors, enhancing common areas, and increasing rents toward market levels as leases renew. These improvements have the potential to d
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NOI
$80,000
Cap Rate
8.25%
DSCR
1.39
Strong
Cash-on-Cash
7.70%
Monthly Payment
$4,798.536
Annual Cash Flow
$22,417.568
