Multi-Family Redevelopment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30523133
Property Subtypes: Mid-Rise
Number of Units: 36 Units
Building Size (RSF): 24,051 SF
Gross Building Area: 28,500 SF
Gross Land Area: 11,572 SF
Sale Price: $379,000
Unit Price: $10,527.78 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/4/2020

Overview / Comments

- Unique multi-family redevelopment opportunity
- Mid-rise three story brick apartment building with approximately 40 units
- Architectural Gem located in active walkable neighborhood
- Located at the Corner of Alter & Charlevoix St. Road at the Grosse Pointe Park borderline.
- Located in walking distance to active national retailers on Mack Avenue
- Ideal condo conversion opportunity
- All measurements and united counts are estimates and need to be confirm by prospective purchaser

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: The Pointes / Harper Woods
Taxing Authority: City of Detroit
Tax ID/APN: 21062793.
Zoning: R2
Property Located Between: Mack Ave and Charlevoix St
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1948
Lot Frontage: 89
Lot Depth: 130
Legal Description: E ALTER 7 THRU 5 KENNEDYS SUB L31 P44 PLATS, WCR 21/404 89.13 X 129.83

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,369 139,845 280,793
Median Age: 34.78 36.65 36.31
Households: 8,153 52,607 107,288
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