21400 W 7 Mile Rd - Multi-Family FOR SALE


Detroit, MI 48219- Evergreen
$4,800,000 USD
248-979-3466
21400 W 7 Mile Rd, Detroit, MI for Sale
$4,800,000 USD
Multi-Family - FOR SALE
1/4
null | Request Cap Rate

21400 W 7 Mile Rd
Detroit, MI 48219
Evergreen


OVERVIEW

64-unit brick apartment complex in 8 buildings that are connected. Situated on 2.28 acre site with nice curb appeal and location. Property is 75% occupied. 24 two bedroom units and 40 one bedroom units. New electrical & plumbing have been completed to buildings of the 16 vacant units that need to be rehabbed. All other units have been remodeled! All units have individual furnaces which is paid for by tenants. Large parking lot for tenants and property management office and property manager in place. Ideal opportunity for all cash buyer or bank financing.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

64

PRICE/UNIT

$75,000

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

22-016835

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.