19625 Conant - Apartments FOR SALE


Detroit, MI 48234- Nolan
$1,200,000 USD
248-979-3466
19625 Conant, Detroit, MI for Sale
$1,200,000 USD
Apartments - FOR SALE
1/22
null | 15% Cap Rate

19625 Conant
Detroit, MI 48234
Nolan


OVERVIEW

Great investment! 24 unit brick apartment complex for sale! This property has all private entrance units, no common areas! This complex offers 1) 2 bedroom 1 bath unit / 23) 1 bedroom 1 bath units! This complex has a laundry room for tenants use! Newer roof.  Electric base board heat! NO boiler. Units have been updated and are In great condition.  Large parking lot fenced in.  Prime location.  High $900-$1100 a month rents.  Bringing in a 15% cap rate with great cash flow! Whether you are looking to expand your portfolio or make your first investment, this property offers long-term potential with minimal immediate maintenance!

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

24

PRICE/UNIT

$50,000

CAP RATE

15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

B4

APN/PARCEL ID

09-00853-542

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.