754 State Street, Eaton Rapids, MI 48827

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Building Details:

• Year Built: 1972

754 State Street is located in Eaton Rapids, MI.

Sperry Van Ness/Stewart Commercial Group, LLC is pleased to present for sale this very nice 12-unit apartment property in Eaton Rapids, MI. The property features (11) 2-bedroom/1 bath units and (1) 1-bedroom/1bath unit situated on close to 1 acre of land across the street from a new high school. Updates include upgraded kitchens with ceramic tile, new boiler installed in 2007, new hot water heater, and vinyl windows installed within the last 10 years. The property also features a carport allowing each unit to have covered parking.

Presently the property is 100% occupied. This investment provides a very stable, cash flow opportunity with ease of management and no deferred maintenance.



• 100% Occupancy with strong history of stability
• 9.45% Capitalization Rate
• 12% Cash-on-Cash Return
• 5.89% Gross Rent Multiplier
• Property in exceptionally good condition
• Attractive location near the public schools
• Below Market Rents
• Low expenses