Daily limit: 0/10
Lighthouse PM Purchases 81-Unit Multifamily Portfolio In Wyoming And Holland For $6.65M
SOLD
$6,650,000
Michigan
See Similar DealsMultiFamily
Sold 07/29/2025
SOLD
Lighthouse PM Purchases 81-Unit Multifamily Portfolio In Wyoming And Holland For $6.65M
MultiFamily
Sold 07/29/2025
Summary
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in this transaction is an 81-unit multifamily portfolio located at 3530 Byron Center Avenue, 2855, 2872, 2875 Taft Avenue, 863, 956 & 857 Lincoln Avenue in Wyoming and Holland, Michigan. The sale was completed for a total price of $6,650,000, resulting in a price per unit of $82,099.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,650,000
- Units: 81
- Price Per Unit: $82,099
- Broker: Aaron Kuroiwa - Marcus & Millichap
- Buyer Representative: Lighthouse PM
- Market: Wyoming & Holland, MI
The brokerage firm Marcus & Millichap facilitated the sale, working on behalf of the seller. The buyer, represented by Lighthouse PM, has plans to renovate the units and enhance the community in response to the strong rental demand within the area.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$354,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,626.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,524.39
Annual Debt Service$378,292.71
Is there something missing? Send suggestions