Multi-Family Investment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30348019
Property Subtypes: Low-Rise/Garden
Number of Units: 16 Units
Building Size (RSF): 11,417 SF
Gross Land Area: 0.26 Acres
Sale Price: $495,000
Unit Price: $30,937.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.68%
Average Occupancy Rate: 88
Last Updated: 1/15/2019

Overview / Comments

- Great Investment Opportunity
- New Boiler System
- New Roof

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 21076937-42
Zoning: B4
Percent Occupied: 88%
Property Located Between: Balfour and McKinney
Highway Access: I-94
Area Description: - Located in the Denby Submarket - Adjacent to several businesses
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1957
Construction/Siding: Brick/Vinyl Siding
Laundry: Shared
Air Conditioning: Window Unit
Interior Description: One Bed/One Bath Units
Lot Frontage: 127
Lot Depth: 90
Water Service: Municipal
Sewer Type: Municipal
Legal Description: W MORANG 42 THRU 37 LEIGH G COOPERS CADIEUX-SEVEN MILE DR SUB L56 P68 PLATS, W C R 21/873 126.92 X 90

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 30,683 198,943 366,237
Median Age: 31.1 34.94 36.69
Households: 10,479 72,271 138,880
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