20551-20555 Lahser Rd - Apartments FOR SALE
Detroit, MI 48219 |
20551-20555 Lahser Rd
Detroit, MI 48219
HIGHLIGHTS
- Two (2) two-story buildings with a unit mix of (56) one-bedroom and (16) two-bedroom apartments with average size ranging from 750 to 800 square feet.
- The property received a full renovation in 2019 and 2020, including receiving some new bathrooms, updated plumbing, some new kitchens, and much more.
- Value-add opportunity with an occupancy around 70%
- Major nearby employers include General Motors, Ford, Stellantis North America, Quicken Loans, Ally Financial, Compuware, Shinola, and more.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Terrace Court Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
54800
STORIES
2
YEAR BUILT
1961
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
22-11-360-00-02L
