140 Unit Multifamily in Southwest Michigan - Pre-Listing Offering

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FOR SALE Off Market Listing
Property Type:
MultiFamily Apartments
Amount:
$12,000,000 to $13,000,000
Cap Rate:
5.50%
Last Verified:
Aug 01, 2017

Available is a 140 unit multifamily property in the Kalamazoo, MI area in excellent condition with a mix of one and two bedroom apartments. This property will be going to market and accepting bids in the next 30 days. 

2016 revenue - $1,289,000

2016 NOI - $689,000

Contact me for details on this property. 


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.