21520 W 7 Mile Rd - Apartments FOR SALE


Detroit, MI 48219- Evergreen
$3,500,000 USD
248-979-3466
21520 W 7 Mile Rd, Detroit, MI for Sale
$3,500,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

21520 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

$3,500,000 USD

PRICE/SF

$33 USD /SF

# OF UNITS

64

PRICE/UNIT

$54,688

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McNichols Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

168

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,413 SF

ZONING

B-4

APN/PARCEL ID

22-016835

ASK ABOUT THIS PROPERTY

Justin ZehelKeller Williams Paint CreekMore Info
248-979-3466

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

Justin ZehelKeller Williams Paint CreekMore Info
248-979-3466

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