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Updated over 4 years ago on . Most recent reply

24 Unit @ 900k --- Thoughts? --- Northern Michigan
Asking Price: 900k
24 Units (12 - 1bd/ba,12 - 2bd/ba)
Gross Rent: 15k
Expenses: 7.3k, includes utilities, 5% vacancy
Loan: 4.5% with 20% down
Small town in Northern Michigan, rents are little low maybe can push $25 per unit. Needs TLC nothing major