1701 Evans St - Apartments FOR SALE


Detroit, MI 48209- Springwells
$545,000 USD
313-451-0202
1701 Evans St, Detroit, MI for Sale
$545,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1701 Evans St
Detroit, MI 48209
Springwells


HIGHLIGHTS

  • The Oxford Apartments are a two-building, eight-unit multifamily complex that is majority occupied and has received recent renovations.
  • Located minutes from Downtown Detroit and Ford's Michigan Central Station.
  • There are four units per both buildings, each offering a two-bed layout and averaging 850 square feet.
  • Nestled in the Springwells neighborhood of Detroit, off Vernor W, an up-and-coming area southwest of Detroit with rich Hispanic culture.

OVERVIEW

1701 Evans Street is home to the eight-unit apartment complex The Oxford Apartments. The apartments are in a great Detroit location, being in the hottest up-and-coming Vernor West area southwest of the Detroit metro. The Oxford Apartments are close to schools, shopping, and major freeways for regional accessibility. They are also within walking distance of restaurants and shopping and minutes from Downtown Detroit. There are two buildings, each with four units. All units offer a two-bedroom layout and average 850 square feet. Six of the eight units currently occupied and paying $850 - $1,000/ month. All units have been updated with new windows, new HVAC, and updated kitchens and baths. Inquire today for more information of this value-add investment opportunity.

FOR SALE DETAILS

PRICE

$545,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

8

PRICE/UNIT

$68,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Oxford Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R2

APN/PARCEL ID

20-006671

ASK ABOUT THIS PROPERTY

Tarick SalmaciARG AMERICAN REALTY GROUPMore Info
313-451-0202

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Tarick SalmaciARG AMERICAN REALTY GROUPMore Info
313-451-0202

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