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2100 Georgetown Pkwy | Fenton, MI 48430
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2100 Georgetown Pkwy | Fenton, MI 48430
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Detroit Office
CONTACT Info
Mortgage Bankers
Jillian Maki
Director
248.208.3465
jillian.maki@berkadia.com
Peter Benedetto
Senior Managing Director
248.208.3462
peter.benedetto@berkadia.com
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
Conor David
Director
425.213.5103
conor.david@berkadia.com
Mike MCclafferty
Associate Director
215.328.1298
mike.mcclafferty@berkadia.com
Charley Henneghan
Director
248.341.3303
charley.henneghan@berkadia.com
Kevin P. Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
PHOTO GALLERY
LOCATION
FENTON, MICHIGAN
Fenton, MI is located approximately 59 miles northwest of Downtown Detroit. The area, which is part of Genesee County, is a dynamic region that is home to multiple General Motors Company facilities, numerous institutions of higher learning, and is near two international crossings. Residents are attracted to the area for its high quality of lifestyle, affordable cost of living, and proximity to major employment hubs.The area’s economy is led by service-related jobs, while other key employment segments include wholesale and retail trade, manufacturing, health care, and transportation and warehousing. Ascension Genesys, McLaren Flint Hospital, and the Hurley Medical Center are among the top employers in the area, supporting almost 9,000 jobs in total between the three.
The Asset
Opportunity Highlights
[CEROS OBJECT]
AMENITIES
Vaulted Ceilings*
Kitchen with Dishwasher
Faux Wood Flooring*
Ceiling Fans*
Full Size Washer / Dryer*
Walk-In Closet
Brushed Nickel Light Fixtures*
Track Lighting*
Private Entrance*
Patio / Balcony*
Swimming Pool with Poolside WiFi
Fitness Center
Playground
Picnic Area with BBQ Grills
Laundry Facilities
Clubhouse with WiFi
Carports
QUICK STATS
531,904
SF
12.12 units/acre
Density
1,108 SF
Average SF
$0.96
Rent / SF
2.5
Stories
20
Buildings
1988 / 1998
Built
480
UNITS
39.61 acres
Site Size / Acreage
Location
The Asset
Amenities
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Contact
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Gallery
620 spaces
Total Parking
*In Select Units
Georgetown Park Apartments represents an exceptional investment opportunity to acquire 480 units in the highly desirable city of Fenton, MI. Just off Torrey Road, only minutes from US-23, Georgetown Park offers an inviting residential atmosphere. Located with direct access to US-23, residents are moments from major local and regional shopping, eateries, health care and employers. Strategically located approximately 30 minutes to Ann Arbor, Lansing, Metro Detroit, and Grand Blanc, Fenton is conveniently situated making it a sought-after community. Fenton/Linden is well-known for the high quality of life enjoyed by its residents, from the many lakes and outdoor activities to the beautiful and inviting downtown Fenton.
Constructed in 1988 / 1998, Georgetown Park has spacious one- and two-bedroom floor plans averaging just over 1,100 SF. Georgetown Park boasts a full amenity package which includes a fitness center, community clubhouse, sparkling pool with poolside Wi-Fi, and BBQ area with playground.
Georgetown Park’s desirable location, and phenomenal amenity package coalesce to ensure the long-term viability and success of this opportunity.
Strong Demographics: Three-mile median HH income over $75,000 compared to city average of $64,500
Strong Submarket Performance: Average occupancy 96.6% and no new supply under construction
Proven Value-Add: Of the 480 units, 319 have been renovated with an average of $82 per month rent premium. There are 161 remaining Classic units to be renovated with an average rent premium of $166 per month .
Outstanding Fenton Location: 30 minutes to Ann Arbor and Detroit Metro
GM V-8 Engine Plant Expansion: $854M Investment within 16 minutes from Georgetown Park
Spacious Floor Plans: Average apartment home is 1,108 SF
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DYNAMIC REGION, HOME TO MULTIPLE GMC FACILITIES, AND CLOSE TO MAJOR EMLOYMENT HUBS
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