19143 Berg Rd - Apartments FOR SALE


Detroit, MI 48219- Redford
$2,500,000 USD
248-979-3466
19143 Berg Rd, Detroit, MI for Sale
$2,500,000 USD
Apartments - FOR SALE
1/20
null | 10% Cap Rate

19143 Berg Rd
Detroit, MI 48219
Redford


OVERVIEW

Excellent investment opportunity featuring a 40-unit apartment complex consisting of two buildings on one lot. The property offers a desirable unit mix of 16 one-bedroom/one-bath units, 16 two-bedroom/one-bath units, and 8 townhouse-style two-bedroom/1.5-bath units. Currently 98% occupied with only one vacancy, providing strong occupancy and consistent rental income. Both building boilers were replaced last winter. Roofs are in solid condition and windows are well maintained. The property offers an attractive 10% cap rate and is situated in a prime location.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$63 USD /SF

# OF UNITS

40

PRICE/UNIT

$62,500

CAP RATE

10%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

94

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

R-5, Detroit

APN/PARCEL ID

22-119370-001

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.