The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of the Creekwood Apartments in Holt, MI. This 25-unit asset consists of (3) 750 SF 1 Bed 1 Baths and (22) 869 SF 2 Bed 1 Baths and is currently 96% occupied (at time of listing). Current ownership has fully upgraded approximately 5 units with new kitchens, floors, lighting, paint, doors etc., and an additional 12 units with new vinyl plank floors. Creekwood is outfitted with individual gas furnaces and central air conditioning and is also individually metered for both gas and electric (tenant responsible). Residents enjoy amenities such as having individual decks, onsite carports, and being located in the Holt Public School District. Creekwood is being offered to the market as a stabilized cash flowing asset, with several opportunities to continue adding value. At the time of listing, Creekwood 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 the majority of 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 $35,000, but overall value of the asset by approximately $500,000 (using a 7% cap rate). Please contact HMA for more information before this stabilized value-add opportunity is gone.