Two apartment buildings with high occupancy & growth potential!

1200 W. Breen Ave. Kingsford, MI 49802

1200 W. Breen Ave., Kingsford, MI, 49802
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$399,900
Cap Rate:
0.00%
Last Verified:
Feb 04, 2025

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Excellent value! Looking to expand your real estate portfolio? This package presents a fantastic opportunity with two apartment buildings offering a combined ten 1-bed/1-bath units. Strong rental history with a proven track record of consistent income generation and high occupancy rate, currently at 80% with potential for further growth. In a prime location situated on over half an acre in a quiet residential neighborhood, yet conveniently located across from a local market. This property offers a compelling investment prospect with significant potential for long-term returns.

Map of 1200 W. Breen Ave., Kingsford, MI, 49802

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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.