Saginaw 25 Housing Portfolio 25 Multifamily Properties Offered at $2,093,880 CAD in Saginaw, MI

The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of the Saginaw 25 Housing Portfolio in Saginaw, MI. Totaling 25 houses, this asset consists of (2) 4 Bed/2 Bath, (1) 4 Bed/1.5Bath, (2) 4 Bed/1Bath, (1) 3 Bed/2 Bath, (1) 3 Bed/1.5 Bath, (6) 3 Bed/1 Bath, (11) 2 Bed/1 Bath, and (1) 1 Bed/1 Bath Single Family Home rentals. This portfolio’s 25 homes are all located within 1.5 miles of each other and boast several amenities such as individual entrances, private parking, and being well located in town just to name a few. Additionally, tenants are responsible for paying for electricity and gas, while water is being offered with limits.

The Saginaw 25 Housing Portfolio is being offered to the market as a stabilized cash flowing asset, however, several value-add opportunities present themselves. Most notable, this asset has significantly below market rents with occupancy levels historically averaging near 100%. After doing an in-depth rent comparable study (located on page 19 of the OM), it has been determined that the current average rent is $150-$250 below similar competing properties. This leaves investors with an opportunity to increase rents to market and further increase not only cashflow, but also significantly increase value. Please contact HMA for more information before this significant value-add opportunity is gone.