Chateau Village

Battle Creek MI

Document Center

685 Michigan Avenue E.

Summary

  • List Price $1,200,000
  • Units 19
  • Price Per Unit $63,158
  • Year Built 1970
  • Total Rentable SF 12,450

Global Real Estate Advisors are pleased to present Chateau Village in Battle Creek, MI. The property has been recently stabilized with qualified tenants which eliminated previous collection issues. Year to date, the financials are showing an upwards trend from previous years and are on pace for an NOI of over $100k in 2023.

This 19 unit apartment complex features an attractive unit mix of one 3BR/2 Bath, seven 2BR/1 Bath, ten 1BR/1 Bath, and one studio apartment. All units have been updated since 2015, and the current owner is continuing to make additional updates as units turn. All units are outfitted with electric baseboard heat which is paid for by the tenants. On-Site laundry is available and accepts electronic payments providing a tenant amenity as well as an additional revenue source for the owner. 

This property is located on the eastern side of Battle Creek, just a 10 minute drive from Ford’s newly announced BlueOval Battery Park which is expected to create 2,500 jobs once operational. Other major employers in the area include Kellogg, Denso, Firekeepers Casino, and Post Consumer Brands.

Virtual Tour: One Bedroom Unit

Virtual Tour: Two Bedroom Unit

Investment Highlights

Ample Closet Space

Newer Cabinets and Fixtures

Newer Appliances

Newer Windows
On-Site Laundry with Electronic Payment

Value Add Potential: Current Rents below FMR, Unit Upgrades Prove to be Positive for Rent Growth, RUBS Implementation

New Commercial Hot Water Heater in 2022

Location

Team

Brokerage team

Colin Soltis

Director
GREA
248.800.0150