156 N Worth St - Apartments FOR SALE


Birmingham, MI 48009
$875,000 USD
248-463-8366
156 N Worth St, Birmingham, MI for Sale
$875,000 USD
Apartments - FOR SALE
1/25
null | 7.34% Cap Rate

156 N Worth St
Birmingham, MI 48009


HIGHLIGHTS

  • Prime Location. Strong Investment Appeal.
  • Multiple Units. Birmingham Opportunity.
  • A truly compelling addition to any real estate portfolio.

OVERVIEW

INVESTOR'S DREAM IN HIGHLY ACCLAIMED BIRMINGHAM! Zoned Multi-Res and can be turned into a single-family residence. An Exceptional investment opportunity in one of Metro Detroit's most coveted and highly acclaimed communities. This well-positioned three-unit multi-residential property offers an ideal combination of location, walk to downtown Birmingham, versatility, and income-producing property in the heart of Poppleton Park in Birmingham! Many updates have been done but there is room for further renovations and increased rent potential. Features include updated 3 separate car garages for each unit, freshly landscaped backyard, new balcony and patio areas, new carpet, stainless steel appliances, granite counter tops and a new full bath on the lower-level walk-out. 2 Units upstairs - 1 Bedroom & 1 Full Bath. $1550/ Month + $75 for water, sewer, & gas. 1 Bedroom & 1 Full Bath. $1450/ Month + $75 for water, sewer & gas. Both Upstairs tenants pay electric directly to DTE Energy. Main Floor Unit to include Basement - $2200/ Month. Tenant pays gas directly to Consumers Energy, DTE. Tenant pays water & sewer by reimbursing cost to landlord. Situated in sought-after Birmingham, this property places residents within close proximity to the area's renowned dining, shopping, entertainment, parks and vibrant downtown lifestyle. One of the strongest rental markets in the region. Whether you're an experience investor looking to expand your portfolio or seeking an opportunity to establish a foothold in Birmingham highly desirable real estate market, this property presents an outstanding opportunity to acquire a versatile, income-producing asset in an exceptional location. The property features three thoughtfully designed residences including two one-bedroom units with beautiful views off new balconies plus one two-bedroom unit with a lower-level walk out, fireplace and island in the kitchen with a second kitchen in the lower level. This creates an attractive mix for a diverse tenant profile. Each unit offers its own distinct living space, providing flexibility for both investors and future ownership strategies. Prime Location. Multiple Units. Strong investment appeal. Birmingham Opportunity. A truely addition to any real estate portfolio.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

3

PRICE/UNIT

$291,667

CAP RATE

7.34%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,616 SF

ZONING

R2

APN/PARCEL ID

19-25-487-003

ASK ABOUT THIS PROPERTY

Jodi TippinsTippinsLuxe RealtyMore Info
248-463-8366

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Jodi TippinsTippinsLuxe RealtyMore Info
248-463-8366

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