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4144 Airport Rd
Waterford, MI 48329
Asking Price
$2.20M
Cap Rate
7.71%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 20 Units | $110,000/unit <ul><li>Value-add opportunities are straightforward and well-supported by the local market. Implementing a modest water utility fee of $25 per unit monthly and pushing rents toward the $995 market rate would together add approximately $31,000 annually to NOI, bringing stabilized NOI to roughly $181,000 and supporting a pro forma cap rate of 8.23%.</li><li>The units also feature generous closet space, creating a natural opportunity to add in-unit washer and dryer hookups — an upgrade that comma
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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796
