1 Offering Memorandum Premier Multi Family Investment Opportunity Woodside Apartments, Mt. Pleasant MI Rem Murray [email protected]Mobile: 586.212.3454 Barry Landau [email protected]Mobile: 248.495.5666 30054 Orchard Lake Rd. Farmington Hills, MI 48334 248.538.4800 www.hscre.com Exclusive Marketing Agent
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Offering Memorandum Premier Multi Family Investment Opportunity
Howard Schwartz Commercial Real Estate, LLC is pleased to present the disposition of the multi family apartment community located on Flynn Lane in Mount Pleasant, MI. The subject property is within one half mile of Central Michigan University and across from Mt. Pleasant High School. The property is comprised of 20 buildings, each apartment having their own individual entrances. The spacious complex allows for large, open common area for tenants to enjoy leisure activities. Each unit is individually metered for electricity and gas allowing an investor to pass these costs on to the tenant. Additionally there are six vacant lots on the property which allows an investor the ability to construct twenty-five more units. This stabilized asset has tremendous value by raising rental rates to market rate and by building the additional units. Centrally located in the lower peninsula of Michigan, Mount Pleasant is a regional centre for healthcare, commerce, retail, casino gaming and tourism, and most importantly, higher education. Mount Pleasant is strategically located along the Route 127 Corridor and is the County Seat of Isabelle County. While it is the second largest employer, Central Michigan anchors the local economy. The University is one of the 100 largest public universities in the country and is well known for its programs in journalism, music and teacher education. The University helps the local economy by creating jobs and driving demand for local businesses and housing. The University is also growing in prestige and importance, most notably, the university added a Medical School in 2013 and currently continues academic expansion. With a student body growing in size, and with the addition of more graduate students, the multi-family sector is poised to capitalize on increased demand throughout Isabelle County.
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The information contained in this offering memorandum has been received from sources deemed to be reliable. It is being furnished to a prospective purchaser of the property solely as a guideline for the actual performance of the investment. A prospective purchaser is advised to undergo their own due diligence with regards to the current and future performance of this investment. Information contained in this offering is subject to errors, change, withdraw without notice. In no event shall a prospective purchaser have any claims against the seller, Howard Schwartz Commercial Real Estate, LLC. or any of their affiliates with regards to the marketing or sale of the property.
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Property Amenities
Common area Amenities
Ample Parking
Park Like Setting
Well Maintained Landscape
Spacious Open Areas
Unit amenities
Large Modern Units
Gas & Electric Utilities Paid By Tenant
Laundry in Each Unit
Individual Entrances
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Current Unit Mix
Number of Units Bedrooms
& Bathrooms
Square Feet
Price Per Month
80 2 / 1 900 $650
4 (ADA Compliant)
1 / 1 810 $600
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Property Photos
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Property Photos
Property Address 1510 Flynn Lane, Mount Pleasant, Michigan