Kedron Ridge Apartments 186 1st St 23 Unit Apartment Building For Sale Olivet, MI 49076

The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of the Kedron Ridge Apartments in Olivet, MI. This 23-unit asset consists of (1) 1 bed 1 bath, (21) 2 bed 1 baths, and (1) 3 Bed 1 bath unit. This asset has seen significant recent capital improvements including new steel roofs, new windows, and 18 out of 23 units fully upgraded with new kitchens, new bathrooms, floors, lighting, paint, doors etc., in which the property has been impeccably maintained. Kedron Ridge is outfitted with radiant electric heat and electric wall AC units. Notable for investors is this asset is individually metered for electric making tenants responsible for each, while the owners pay for water/sewer (no onsite gas). This asset is walking distance from both The University of Olivet, Olivet High School, and Olivet Middle School. Olivet is a 15-minute drive to Marshall, and a 25-minute drive to both Lansing and Battle Creek allowing for a wide prospective renter pool.

Kedron Ridge is being offered to the market as a stabilized turnkey, cash flowing asset with most all major capital improvements being completed. With minimal deferred maintenance on the property, a new investor can reap the rewards of immediate day 1 cash flow for years to come. As of May 2025, Kedron Ridge was 100% occupied, which is an easy indicator of rents being below market as the property currently sits today without having to make any additional upgrades. Please contact HMA for more information before this stabilized turnkey asset is gone.