OFF MARKET
INVESTOR PACKAGE

THREE TENANT

OCCUPIED UNITS


250 E Harbortown Dr
#609 + #1208 + #1406

OFFERED AT $799,000

Welcome to Great Lakes Tower, part of the Harbortown community, originally built in 1990. In 2018 building upgrades were completed, including two brand-new elevators, and new paint, carpet, and lighting in the hallways.

At the same time, all three units on offer were renovated with new cabinets, countertops, flooring, appliances, and vanities.

NEZ-R Certificates secure a frozen Taxable Value of $8,336 per unit through 2032 with no homestead requirement.

The building has an attached parking garage with one assigned space per unit (additional spaces assignable by HOA), a pool, community room, fitness room, package room, bike storage, and storage cages.

Just outside, residents enjoy landscaped grounds with walking paths around the pond, tennis courts, a marina (slips for rent), gated access directly to the Riverwalk, AND a new community center with a fitness room, lounge, pool table, kitchen, rooftop deck, and pool at the water’s edge.

NESTLED ALONG THE RIVERFRONT JUST EAST OF DOWNTOWN –

A GATED COMMUNITY PACKED WITH AMENITIES.

CALL KYLE SWINK FOR MORE INFORMATION

Don’t miss this opportunity! This one won’t last long!

248-765-1216

1330 SF

609 – $2,200/MTH

1100 SF

1208 – $2,100/MTH

1130 SF

1406 – $2,000/MTH

Annual Taxes

$1,117.25 per unit per year –based on Summer ‘26 and Winter ‘25

Frozen Taxable Value of $8,336 per unit through 2032.

HOA Fees

$755 per unit per month.

Building is warrantable under Fannie/Freddy conventional mortgage requirements.

Current Lease Terms

Active leases:

609 – 2 years up for renewal 7/31/27

1208 – 1 year up for renewal 4/30/27

1406 – 7 years up for renewal 5/31/27

Estimated Cash Flow

$75,600 Rent
-$27,180 HOA
-$3,352 Taxes
-$1,200 Ins.**
-$1,800 Misc.

$42,068 Net


5.5% cap rate.

CALL KYLE SWINK FOR MORE INFORMATION

Don’t miss this opportunity! This one won’t last long!

248-765-1216