Detroit, MI 48219
MLS# 50220594
Excellent investment opportunity featuring a 40-unit apartment complex consisting of two buildings on one lot. The property offers a desirable unit mix of 16 one-bedroom/one-bath units, 16 two-bedroom/one-bath units, and 8 townhouse-style two-bedroom/1.5-bath units. Currently 98% occupied with only one vacancy, providing strong occupancy and consistent rental income. Both building boilers were replaced last winter. Roofs are in solid condition and windows are well maintained. The property offers an attractive 10% cap rate and is situated in a prime location.
Listed by Justin Zehel · Keller Williams Paint Creek
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$12,641/mo
$500,000 down · $2,000,000 financed
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