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44 New Construction Home Portfolio in West Michigan, West Michigan, Michigan – $10,440,000

  • $10.4M Price
  • 162 Beds
  • 108 Baths
  • 91,272 Sqft
  • $10.4M Price
  • 162 Beds
  • 108 Baths
  • 91,272 Sqft

Investment Statistics

  • Initial 20% Investment $2,088,000
  • Lease Starts December 1, 2018
  • Lease Ends December 31, 2024
  • Current Rent $1,052,000
  • Potential Appreciation 5.5%
  • Cap Rate 6.3%
  • Annual Return on Investment $1,183,620

44 New Construction Home Portfolio in West Michigan

Marketplace Homes is offering a portfolio of 44 new construction single family homes, bulk discounted at $10.44 million with a gross yield of $10.1%. These homes are expertly built throughout West Michigan by the largest and best quality builder in the state. This is the highest yielding single family new construction portfolio on the market. Additionally, if you purchase this portfolio, Marketplace Homes will provide guaranteed rent for up to 6 years. Class A single-family homes warrantied and with rental guarantee mean you will have more predictable results and less headaches than any other real estate portfolio. We are meeting with potential partners throughout December and will close on the homes in the first quarter of 2019. To receive a prospectus with all the details email mike.kalis@marketplacehomes.com with the title "Grand Rapids" and we'll send you all the details.

Check out this video for more information -
https://www.youtube.com/watch?v=F8dNaxYEdgA

Essential Information

  • Price$10,440,000
  • Bedrooms162
  • Bathrooms108
  • Square Footage91272
  • Year Built2018
  • TypeRental
  • StatusActive

Community Information

  • CityWest Michigan
  • StateMichigan
  • Zip Code49302

Address

44 New Construction Home Portfolio in West Michigan

Amenities

  • # of Garages88

Interior

  • Stories2
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