Multifamily
Stonecliff Apartments
615 North Lakeview Ave, Sturgis, MI 49091
Listing Price: $975,000
Number of Units
16
GRM
6.02
Price/Unit
$60,938
Price/Gross SF
$60.94
Gross SF
16,000
Investment Overview
Marcus & Millichap is pleased to present for sale Stonecliff Apartments, located in Sturgis, Michigan.
Exclusively Listed By
Broker of Record
-
Steve Chaben
Senior Vice President / Regional Manager
Listing Price: $975,000
Number of Units
16
GRM
6.02
Price/Unit
$60,938
Price/Gross SF
$60.94
Gross SF
16,000
Investment Highlights
- Over 10% Proforma Cap Rate
- Over 12% Proforma Cash-On-Cash Return
- Light-to-Medium Value Add Opportunity
- Ability to Charge for Carports
- 23 Percent Discount to Sale Comp Average in Sturgis
Investment Overview
Marcus & Millichap is pleased to present for sale Stonecliff Apartments, located in Sturgis, Michigan.
Exclusively Listed By
Broker of Record
-
Steve Chaben
Senior Vice President / Regional Manager
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