The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of the Silver Maple Apartments in Holt, MI. This 30-unit asset consists of (30) 650 SF 1 Bed 1 Baths and is currently 96.6% occupied (at time of listing). Current ownership has fully upgraded approximately 16 units with new kitchens, floors, lighting, paint, doors etc., and an additional 6 units with new vinyl plank floors. In addition, current ownership has repaved the parking lot, and installed new vinyl siding in the last several years. Silver Maple is individually metered for both gas and electric (tenant responsible), and has gas radiant heat and electric wall A/C units. Residents enjoy amenities such as having individual entrances, coin operated laundry, and being in the Holt Public School District. Silver Maple is being offered to the market as a stabilized cash flowing asset, with several opportunities to continue adding value. At the time of listing, Silver Maple Apartments averaged near 100% occupancy, which is an easy indicator of rents being below market. After doing an in-depth rent comp study on page 18 in the OM, it is believed that most rents are an average of $100-$150 below market. If a new owner could successfully increase each units rent on average of $125 per unit, this would not only increase annual revenue over $42,000, but overall value of the asset by approximately $600,000 (using a 7% cap rate). Please contact HMA for more information before this stabilized value-add opportunity is gone.