17138 Quarry St - Apartments FOR SALE


Riverview, MI 48193
$395,000 USD
313-706-7011
17138 Quarry St, Riverview, MI for Sale
$395,000 USD
Apartments - FOR SALE
1/51
null | 7.85% Cap Rate

NEW


17138 Quarry St
Riverview, MI 48193


OVERVIEW

Do not approach tenants! Turnkey 3-Unit Apartment Complex – Fully Renovated & Fully Occupied! Discover this beautifully renovated, income-generating property featuring three units and prime amenities. Featuring almost 3,500 sq feet. The expansive 1,700 sqft first-floor unit offers a spacious 2-bedroom layout with a luxurious master suite, walk-in closet, custom kitchen with quartz countertops, vinyl flooring, and a bright, open-concept living room. Rear storage space adds extra convenience. The second floor includes two additional units, one of which has been tastefully updated. A brand new tankless water heater, efficiently heating the whole building (installed in 2024) ensures energy-efficient comfort for all tenants. This well-maintained complex is fully occupied, delivering immediate cash flow. Enjoy private rear parking, ample street parking, and an additional parking agreement with a nearby liquor store just two buildings down, ensuring plenty of tenant parking. Whether you're expanding your portfolio or looking for a stable investment, this property offers long-term value and strong returns. All measurements are approximate agent to verify.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

3

PRICE/UNIT

$131,667

CAP RATE

7.85%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,986 SF

ZONING

Commercial

APN/PARCEL ID

51-011-01-0248-002

ASK ABOUT THIS PROPERTY

Nick JaafarNick JaafarMore Info
313-706-7011

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Nick JaafarNick JaafarMore Info
313-706-7011

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