Pontiac, MI - 24M

This is a rare opportunity to acquire a stabilized yet value-add portfolio of 4 multifamily communities totaling 283 units in the growing Pontiac submarket. The current in-place financials show strong cash flow with significant upside through increased occupancy and rental rate adjustments to match current market averages.

PORTFOLIO BREAKDOWN:

Oak Square Apartments – 119 units | 1-2 Beds | 1978

Perry Place Apartments – 72 units | 1-2 Beds | 1974

Monroe Manor Apartments – 64 units | 1 Bed | 1929

Huron Place Apartments – 28 units | Studio / 1 Bed | 1930

FINANCIAL SNAPSHOT (Current Performance):

Total Annual Gross Income: $3,273,388
Total NOI (including CapEx): $1,289,219
Total Adjusted NOI (excluding CapEx): $1,700,213
Occupancy: 88.5%
Cap Rate: 7.08%
Cap Rate Based Valuation (Post-Stabilization): $45.20M

Vacancy Upside:
Current vacancy results in $340,000 in lost income annually. Lease-up strategy offers immediate lift.

Rent Increase Upside:
Current average rent is $1,024/unit vs. market rate of $1,125/unit.→ Annual Upside: $342,636

Post-Stabilization Income Projection:$3,616,024 (projected gross) → $45.2M portfolio valuation @ 8% cap

Average Adjusted Cap Rate at Current Income Levels: 7.08% (with upside to 11%+ upon stabilization and rent bumps)