1705 Oakman Blvd - Apartments FOR SALE


Detroit, MI 48238- North Detroit
$799,900 USD
248-979-3466
1705 Oakman Blvd, Detroit, MI for Sale
$799,900 USD
Apartments - FOR SALE
1/9
null | 15% Cap Rate

1705 Oakman Blvd
Detroit, MI 48238
North Detroit


OVERVIEW

Calling all investors! 13-unit brick apartment building featuring all one-bedroom, one-bath units. 10 of the 13 units have been fully remodeled, with updated windows throughout the property. The seller has also invested thousands into maintaining the boiler system, keeping it in excellent condition. Low operating expenses with tenants paying DTE, water, and trash. The property is 100% approved for the PILOT program and will kick in next year. Strong rental demand, great market rents, and a convenient location make this an excellent cash-flow opportunity. A solid, updated multifamily property with plenty to offer both new and seasoned investors.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$91 USD /SF

# OF UNITS

13

PRICE/UNIT

$61,531

CAP RATE

15%

% LEASED

77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,915 SF

ZONING

R5

APN/PARCEL ID

12-004787

ASK ABOUT THIS PROPERTY

Justin ZehelKeller Williams Paint CreekMore Info
248-979-3466

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Justin ZehelKeller Williams Paint CreekMore Info
248-979-3466

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