Marcus & Millichap closed the sale of an 81-unit multifamily portfolio in the Grand Rapids, Michigan, MSA, for more than $6.6 million.
Aaron Kuroiwa and Austin Meeker, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Steve Chaben is the firm’s broker of record in Michigan.
The portfolio comprises 81 units across two locations: 53 units in Wyoming, Michigan, at 2855, 2872 and 2875 Taft Ave., and 3530 Byron Center Ave.; and 28 units in Holland, Michigan, at 863, 956 and 857 Lincoln Ave. The properties feature a unit mix of one- and two-bedroom floor plans and are less than 30 minutes apart.
