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Don't have an account?Estimated Monthly Payment: $26,310.33
Edit mortgage details for a more accurate paymentIf you have been looking for a high end, low investment opportunity in tech town, look no further. This is your opportunity. Completely renovated in 2021 (cosmetics and mechanicals), this spectacular apartment building hosts a variety of floor plans with a variety of income opportunities. In fact, the opportunity is so great, every apartment is currently occupied and collecting a total monthly income over $42,000.00. It’s turn key and ready for you to acquire. Over 21,000 square feet of modern living space with 25 units, and over a 6% cap rate. This building is in close proximity to several million dollars of future developments that are already planned, which will make your property value rise as the neighborhood is developed. Within one mile are several employers such as Ford Health Care, Rocket Mortgage and Blue Cross Blue Shield, just to name a few. Lastly, across the street is a planned development of 433 apartment units, along with retail, commercial, and co-working space. Showings by appointment only.
$6,400,000.00
Estimated Monthly Payment: $26,310.33 (including taxes & insurance estimates)
Edit mortgage details for a more accurate paymentCity: Detroit | Property Type: Multi Unit - Multiple | |
Subdivision: WM H BREARLEYS RESUB (PLATS) | Lot Size: 0.2 Acres | |
School District: Detroit | Bathrooms: 36 full | |
Status: Active | Square Feet: 21072 | |
Year Built: 1912 | MLS#: 20221005561 |
Property Type: Multi Unit - Multiple | Home Style: Common Entry Building, Historic | |
Architecture: Common Entry Building, Historic | Lot Dimensions: 0.20 Acre(s) | |
Basement: Unfinished | Lot Size: 0.2 Acres | |
Days on Site: 58 | Road Frontage: Paved | |
Exterior: Brick | Summer Tax: $3007.0000 | |
Foundation: Basement | Winter Tax: $353.0000 | |
Fuel Type: Natural Gas | Year Built: 1912 | |
Heating: Forced Air | Year Remoldeled: 2021 |
School District: Detroit |
Listed By
Agency Name: Max Broock, REALTORS®-Detroit
Agency Phone: (313) 324-8430
Shown By
Agency Title: Remerica Real Estate
Agency Phone: 734-459-4500