228 Inkster Rd - Apartments FOR SALE


Inkster, MI 48141
$650,000 USD
313-598-5100
228 Inkster Rd, Inkster, MI for Sale
$650,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

228 Inkster Rd
Inkster, MI 48141


OVERVIEW

Excellent investment opportunity at 228 Inkister Road, Inkister City, featuring a fully occupied 5-unit apartment complex situated on approximately 1 acre of land. All 5 units are currently rented at $650 per month each, generating $3,250 in monthly rental income, with tenants who consistently pay on time and have had no issues. The property also offers significant future development potential, with a survey available showing the possibility of developing up to 30 units, subject to zoning and required approvals. A great opportunity for investors seeking stable rental income today with substantial upside for future expansion.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

5

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stuart Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,193 SF

ZONING

Residential

APN/PARCEL ID

44-003-01-0319-000

ASK ABOUT THIS PROPERTY

Ali BeydounGot Key'D RealtyMore Info
313-598-5100

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Ali BeydounGot Key'D RealtyMore Info
313-598-5100

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