19320 Greenfield Rd - Apartments FOR SALE


Detroit, MI 48235- Greenfield
$3,300,000 USD
248-356-8000
19320 Greenfield Rd, Detroit, MI for Sale
$3,300,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

19320 Greenfield Rd
Detroit, MI 48235
Greenfield


HIGHLIGHTS

  • 50,000 SF apartment building on 2.04 acres
  • 3 floors
  • 74 units: 55 X 1 BR; 19 X 2 BR; 1 X 3 BR
  • 2 new roofs
  • 2 new boilers; 1 refurbished boiler
  • Sewers fully cleaned

OVERVIEW

Discover the multifamily investment opportunity at Greenfield Manor, a 50,000 SF property in Detroit, MI. This impressive building features 75 units, creating substantial rental income potential. Zoned PD, it offers flexibility for development or expansion. The property boasts recent updates ensuring efficient operation and reduced maintenance costs. With fully cleaned sewers and new exterior lighting, the property is primed for immediate return on investment. Each unit has a separate electric meter, providing convenience and transparency for both owner and tenants. Don't miss the chance to capitalize on this prime multifamily investment in the thriving Detroit area.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$66 USD /SF

# OF UNITS

75

PRICE/UNIT

$44,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenfield Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

48

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,451 SF

ZONING

PD

APN/PARCEL ID

22-05027-296

ASK ABOUT THIS PROPERTY

Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

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Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

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