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Oak Park 4130 Oak Park Dr SE 42 Unit Apartment Building $5,576,606 CAD ($132,776 CAD/Unit) 7.40% Cap Rate Grand Rapids, MI 49508
Investment Highlights
- Below Market Rents
- Strong Rental Market
- Value Add Opportunity
Executive Summary
MOXIE is pleased to exclusively offer Oak Park Apartments for sale, a 42-unit apartment building. Oak Park offers a strong value add opportunity. There are many apartment complexes on Oak Park Dr already renovated, proving out the value add strategy. Current rents remain below market, providing significant upside potential for new ownership. The property has demonstrated strong historical performance and is currently 94% occupied. Oak Park Aprs presents a well-located, stable investment opportunity in the growing Grand Rapids market, ideal for an investor seeking value-add potential and long-term growth. To learn more or arrange a confidential tour, contact MXmulti@workwithmoxie.com
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,576,606 CAD | Building Class | C |
| Price Per Unit | $132,776 CAD | Lot Size | 2.07 AC |
| Sale Type | Investment | Building Size | 26,236 SF |
| Cap Rate | 7.40% | Average Occupancy | 91% |
| No. Units | 42 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 3.05/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MDR | ||
| Price | $5,576,606 CAD |
| Price Per Unit | $132,776 CAD |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.07 AC |
| Building Size | 26,236 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 3.05/1,000 SF |
| Zoning | MDR |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Freezer
- Patio
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | $1,572 CAD | 650 |
| 2+1 | 21 | $1,807 CAD | 750 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 41-18-20-430-012 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $2,380,272 CAD (2025) |
Property Taxes
Parcel Number
41-18-20-430-012
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$2,380,272 CAD (2025)
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Oak Park | 4130 Oak Park Dr SE
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