6 Unit Apt Complex. Fully Leased. West Michigan

[Robert Breen]

There is a 6 unit (3 duplexes) available in the West MI area for $290,000. After expenses including management fees the property is returning just over 10% annually. This is a good opportunity in a desirable area. All units are leased for 12 months. Current rents are below market so there is definitely room to boost ROI. If I had the cash I would buy it myself. Since I do not I am sharing it with this community. After all I am a Realtor!

I would also be interested in forming an LLC to buy with a group if there is enough interest.

Thanks