2255 Webb St - Apartments FOR SALE


Detroit, MI 48206- North Detroit
$5,975,000 USD
248-979-3466
2255 Webb St, Detroit, MI for Sale
$5,975,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

2255 Webb St
Detroit, MI 48206
North Detroit


OVERVIEW

CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 60% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. Most of the windows have been updated to vinyl. Half the complex is boiler

FOR SALE DETAILS

PRICE

$5,975,000 USD

PRICE/SF

$40 USD /SF

# OF UNITS

156

PRICE/UNIT

$38,301

CAP RATE

Request Cap Rate

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Russell Woods Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.3 AC

LAND SF

230,868 SF

ZONING

R5

APN/PARCEL ID

08-00-341-00-02L

ASK ABOUT THIS PROPERTY

Justin ZehelKeller Williams Eagle RealtyMore Info
248-979-3466

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Justin ZehelKeller Williams Eagle RealtyMore Info
248-979-3466

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