12880 Dolson St - Apartments FOR SALE


Detroit, MI 48223- Brightmoor
$2,495,000 USD
248-415-3023
12880 Dolson St, Detroit, MI for Sale
$2,495,000 USD
Apartments - FOR SALE
1/21
null | 7.97% Cap Rate

12880 Dolson St
Detroit, MI 48223
Brightmoor


HIGHLIGHTS

  • Secured Parking and Entry
  • Onsite Storage
  • Long Term Tenancy

OVERVIEW

Marcus & Millichap is proud to present the Dolson Apartments located at 12880 Dolson St Detroit, MI 48223. The property has 42 units that consist of 26 one-bedroom one-bathroom units that average 650 square feet in size and 16 two-bedroom one-bathroom units that average 750 square feet in size. The property is in close proximity to I-96 and U.S Route 24 (also known as Telegraph). These are two of Southeast Michigan's major throughways allowing easy access to major employers, retail centers, restaurants etc. in Detroit and the surrounding metros. The revitalization of Detroit has included sports facilities, such as Comerica Park for the Tigers, Ford Field for the Lions, and Little Caesars Arena for the Red Wings and Pistons. Additionally, new entertainment and retail venues are reshaping downtown Detroit. The region is also home to the Detroit Institute of Arts, the Detroit Historical Museum, and the Michigan Science Center. Universities and colleges located nearby include the University of Michigan, Wayne State University, University of Detroit Mercy, and Lewis College of Business. In addition, The Detroit Center for Innovation and the Michigan Central Innovation Center are under construction downtown, aiming to make the region competitive in a variety of tech industries.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

42

PRICE/UNIT

$59,405

CAP RATE

7.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dolson Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,841 SF

ZONING

APT GRDN, Detroit

APN/PARCEL ID

22-1131346

ASK ABOUT THIS PROPERTY

Gordon NavarreMarcus & MillichapMore Info
248-415-3023

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Gordon NavarreMarcus & MillichapMore Info
248-415-3023

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.