23301 Kelly Rd - Apartments FOR SALE


Eastpointe, MI 48021
$685,000 USD
360-989-5395
23301 Kelly Rd, Eastpointe, MI for Sale
$685,000 USD
Apartments - FOR SALE
1/6
null | 8% Cap Rate

23301 Kelly Rd
Eastpointe, MI 48021


HIGHLIGHTS

  • Stabilized
  • Cash Flow

OVERVIEW

Kelly Pointe Apartments is a stabilized 7 unit apartment building located in Eastpointe, MI. The units are all one bedroom one bath, approximately 600 square feet with their own separate entrance. There is one buildings total, with one parking space per unit. The property is 100% occupied grossing +$7,000 per month, with an annual gross potential rent of $86,000.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

7

PRICE/UNIT

$97,857

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kelly Pointes Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

8

LAND DETAILS

LAND ACRES

278 AC

LAND SF

12,109,680 SF

ZONING

RM-1

APN/PARCEL ID

02-14-29-432-024,02-14-32-236-002,02-14-32-403-006

ASK ABOUT THIS PROPERTY

Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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