Apartment Buildings /MI /Wayne County /Inkster /1289 Middlebelt Rd
Apartment Buildings /MI /Wayne County /Inkster /1289 Middlebelt Rd

1289 Middlebelt Rd - Apartments FOR SALE


Inkster, MI 48141 | 
$450,000 USD
810-986-2331
1289 Middlebelt Rd, Inkster, MI for Sale
$450,000 USD
Apartments - FOR SALE
1/1
null | 9.22% Cap Rate
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1289 Middlebelt Rd
Inkster, MI 48141

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HIGHLIGHTS

  • Residents pay electric and gas service for occupied unit. Value Add opportunity. Roof, windows and cosmetic upgrades needed. Below mkt rent.

OVERVIEW

Value add opportunity with current cash flow. One and two bedroom units. Each unit has furnace and A/C. Residents pay electric and gas service. Close to shopping and schools.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

8

PRICE/UNIT

$56,250

CAP RATE

9.22%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Middlebelt Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

commercial

APN/PARCEL ID

44-005-01-0173-001

ASK ABOUT THIS PROPERTY

Glen BrownReMax Dream Properties- Remax CommercialMore Info
810-986-2331

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Glen BrownReMax Dream Properties- Remax CommercialMore Info
810-986-2331

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

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