Excellent multifamily investment opportunity offering 12 income-producing units situated on approximately 13 acres in the Village of Hanover. The property includes five duplex buildings and two single-family homes, providing a diverse unit mix and strong rental demand.This portfolio has benefited from significant recent improvements, helping reduce future capital expenses and making it a low-maintenance investment for the next owner. The property has maintained consistently strong occupancy, with all units currently leased, providing stable income and reliable cash flow.In addition to the existing rental income, the property offers future upside potential with the 13 acres of land primed for development.Wickman Apartments Portfolio represents a compelling investment opportunity for investors seeking both current cash flow and long-term growth potential. 6 parcels total. 000-17-28-126-015-01, 000-17-28-126-015-02, 000-17-28-127-003-02, 000-17-28-127-003-01, 000-17-28-126-014-01
Hanover is located in Michigan. Hanover, Michigan has a population of 408. Hanover is less family-centric than the surrounding county with 16.52% of the households containing married families with children. The county average for households married with children is 23.79%.
The median household income in Hanover, Michigan is $57,708. The median household income for the surrounding county is $57,746 compared to the national median of $69,021. The median age of people living in Hanover is 36.7 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 35.6 inches per year, with 41.6 inches of snow per year.
