Multifamily
Hidden Harbor Apartments
305 W Locust St, Three Oaks, MI 49128
Listing Price: $4,600,000
Cap Rate
6.58%
Number of Units
48
GRM
8.10
Price/Unit
$95,833
Investment Overview
Vibrant but small town living is what Three Oaks is about. Coffee, art, theatre, whisky and more. Local businesses and their people make this town special.
Investment Highlights
- Forty renovated 1, 2, and 3 bedroom apartments. All units offer new luxury soft-close cabinetry, new countertops, bathroom vanities, flooring, and modern paint and trim throughout.
- City park right next to the property and convenient access to the local grocery store across the street
- Eight units built in 2023 that consist of two 3-bedroom townhomes and six 2 bedroom townhome units
Listing Price: $4,600,000
Cap Rate
6.58%
Number of Units
48
GRM
8.10
Price/Unit
$95,833
Investment Highlights
- Forty renovated 1, 2, and 3 bedroom apartments. All units offer new luxury soft-close cabinetry, new countertops, bathroom vanities, flooring, and modern paint and trim throughout.
- City park right next to the property and convenient access to the local grocery store across the street
- Eight units built in 2023 that consist of two 3-bedroom townhomes and six 2 bedroom townhome units
Investment Overview
Vibrant but small town living is what Three Oaks is about. Coffee, art, theatre, whisky and more. Local businesses and their people make this town special.
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