Courtesy: Joseph Walter Realty, LLC
Scott Fader
888-227-1009
Investor opportunity! Income-producing multi-unit featuring immediate cash flow, multiple income streams, and massive value-add potential. Perfect fit for portfolio expansion or an owner-operator looking for house-hacking upside. CURRENT RENTAL ROLL ($2,100/mo Total): • Unit 1- 2Bed / 1 Bath: $700/mo • Unit 2- 2 Bed / 1 Bath: $700/mo • Unit 3-2 Bed / 1 Bath: $700/mo VALUE-ADD POTENTIAL: Strong market upside with potential gross rental income of $2,700 - $3,000/month ($32,400 - $36,000/year). Bring rents to market rates through simple turnover or light cosmetic updates to capture an immediate 28% to 42% revenue increase. Multi-family properties with this level of embedded equity and income growth do not last long.
Investor opportunity! Income-producing multi-unit featuring immediate cash flow, multiple income streams, and massive value-add potential. Perfect fit for portfolio expansion or an owner-operator looking for house-hacking upside. CURRENT RENTAL ROLL ($2,100/mo Total): * Unit 1- 2Bed / 1 Bath: $700/mo * Unit 2- 2 Bed / 1 Bath: $700/mo * Unit 3-2 Bed / 1 Bath: $700/mo VALUE-ADD POTENTIAL: Strong market upside with potential gross rental income of $2,700 - $3,000/month ($32,400 - $36,000/year). Bring rents to market rates through simple turnover or light cosmetic updates to capture an immediate 28% to 42% revenue increase. Multi-family properties with this level of embedded equity and income growth do not last long.
Weidman is located in Michigan. Weidman, Michigan has a population of 1,288. Weidman is less family-centric than the surrounding county with 22.61% of the households containing married families with children. The county average for households married with children is 27.03%.
The median household income in Weidman, Michigan is $45,156. The median household income for the surrounding county is $48,840 compared to the national median of $69,021. The median age of people living in Weidman is 31.7 years.
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 13.3 degrees. The average rainfall is approximately 33.8 inches per year, with 49.1 inches of snow per year.
