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Cottonwood Forest Condominium Apartments

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Opportunity

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Opportunity

Strong Rental Submarket: Submarket occupancy exceeds 97% and subject property occupancy is 98.6%, thus supporting healthy annual rental rate increases.

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Value Add Opportunity: While existing rents are currently below market, the asset offers clear potential for significant rental premiums through implementation of unit upgrades.

 

Little Deferred Maintenance: Well maintained buildings with some capital improvements made recently – reduces need for major capital expenses in the near future (keep more of your cash flow!).

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High Quality Construction: Brick buildings reduce the cost of exterior maintenance, thus lowering long term capital expenditures.

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Attractive Grounds: Quiet community nestled on 28.46 acres adorned with professional landscaping, flowering trees, beautiful pond with water fountain feature, nature preserve and walking trails along the Grand River.

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Asset

Amenities

Property Overview

Cottonwood Forest Condominium Apartments

7701 Riverview Drive Jenison, MI 4942

158 Unsold Units (Out of 168 Units) | 115,662 SF

The average unit size is 787 SF | 98% occupancy

 Built in 1972-1988.

Apartment Amenities

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​Excellent Design

  • Spacious Living Area

  • Window Coverings

  • Dining Area

  • Vinyl & Ceramic tile flooring

Modern Living

  • Fully equipped kitchen

  • Central air conditioning

  • Cable ready

  • Units available with den

Desirable Features

  • Walk-in closets

  • Private Patio & Balconies

  • Wooded & pond views available

  • Assigned cover parking

Community Amenities

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Daily Convenience

  • 24 Hour on-site maintenance

  • On-site leasing office with drop-in capability

  • Discounts on nearby storage units

  • Carports

  • Coin Operated Laundry in each building

  • Package service

Fantastic Landscaping

  • Playground

  • Private pond for fishing/viewing

  • Community garden

  • Private nature walking trails

Pet Friendly Community

  • Dog walking area

  • One-time pet fee-  $300 deposit

  • Monthly pet rent - $25 per pet

198,829

Population

Market Area
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Market Area

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Location

Location

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Contact

Contact Us

The Team

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Craig Black, CCIM

616.242.1126

craigb@naiwwm.com

 

Scott Nurski, MBA

616.242.1106

scottn@naiwwm.com

Get In Touch

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