Courtesy: Integra Realty LLC
Jill Vella
517-317-7448
An exceptional value-add investment opportunity, this 20 unit apartment building at 323 E Bell St in Camden sits on a spacious 5 acre lot and offers tremendous upside potential for the right buyer. The unit mix features twelve 2-bedroom apartments and eight 1-bedroom apartments, ideal for capturing local rental demand. Major capital improvements have already been completed-including a new roof, updated camera system, and approximately 70% of the interior unit rehabs finished- drastically reducing the initial CapEx and timeline needed to reach full stabilization. Offered at $799,999 (under $40K per door), this property is being sold as a cash only deal, giving a buyer or investor the perfect entry point to complete the remaining interior updates, place qualified tenants, and maximize their rental yield.
Camden is located in Michigan. Camden, Michigan has a population of 733. Camden is more family-centric than the surrounding county with 44.32% of the households containing married families with children. The county average for households married with children is 28.2%.
The median household income in Camden, Michigan is $53,438. The median household income for the surrounding county is $54,110 compared to the national median of $69,021. The median age of people living in Camden is 30.3 years.
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 15.2 degrees. The average rainfall is approximately 38 inches per year, with 38.8 inches of snow per year.
