Cottonwood Forest Condominium Apartments
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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
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
​Excellent Design
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Spacious Living Area
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Window Coverings
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Dining Area
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Vinyl & Ceramic tile flooring
Modern Living
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Fully equipped kitchen
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Central air conditioning
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Cable ready
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Units available with den
Desirable Features
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Walk-in closets
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Private Patio & Balconies
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Wooded & pond views available
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Assigned cover parking
Community Amenities
Daily Convenience
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24 Hour on-site maintenance
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On-site leasing office with drop-in capability
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Discounts on nearby storage units
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Carports
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Coin Operated Laundry in each building
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Package service
Fantastic Landscaping
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Playground
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Private pond for fishing/viewing
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Community garden
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Private nature walking trails
Pet Friendly Community
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Dog walking area
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One-time pet fee- $300 deposit
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Monthly pet rent - $25 per pet
198,829
Population
Market Area
Pictures
Location
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Contact Us
The Team
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Craig Black, CCIM
616.242.1126
Scott Nurski, MBA
616.242.1106
Get In Touch