Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a portfolio of buildings in Michigan's Upper Peninsula. Located in the towns of Bruce Crossing, Ewen and Bergland, this portfolio consists of two 12 unit buildings, and an 8 unit building along a 20 minute stretch of Highway 28. Tenants are responsible for electric costs with landlord utility responsibility varying across the properties. Ample parking for all buildings. Off-site management in place. All Buildings capture market rents, with 50% of the tenant base in Rural Development programs. Limited Inventory of competing apartments provides ownership with very low historical vacancy.