FAQs about Apartment Buildings for Sale in Norton Shores
How many Apartment Building listings are available for sale in Norton Shores?
Currently, there are 0 Apartment Building listings for sale near Norton Shores, MI. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Norton Shores?
The average price per square foot for Norton Shores apartment buildings for sale is about $323.
When available, the price of these buildings in Norton Shores, MI varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in Norton Shores, MI varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Norton Shores?
The average size of apartment buildings for sale in Norton Shores, MI is approximately 16,808 SF. The largest building available is 67,978 SF and the smallest is 510 SF.
What is the average cap rate for Multi-family Properties in Norton Shores?
Cap rates for apartment buildings in Norton Shores, MI typically range between 6% and 9.75%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Norton Shores?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Norton Shores, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Norton Shores, MI.
Depending on the location within the city of Norton Shores, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Norton Shores, MI.
