Apartment Buildings /MI /Wayne County /Detroit /240 Mack Ave
Apartment Buildings /MI /Wayne County /Detroit /240 Mack Ave

240 Mack Ave - Apartments FOR SALE


Detroit, MI 48201- Brush Park | 
$4,100,000 USD
313-888-0315
240 Mack Ave, Detroit, MI for Sale
$4,100,000 USD
Apartments - FOR SALE
1/19
null | 6.47% Cap Rate
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240 Mack Ave
Detroit, MI 48201
Brush Park

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HIGHLIGHTS

  • 6.47% in-place cap rate at $4.1M asking
  • Tax abatement confirmed to survive transfer
  • Midtown Detroit, steps from Wayne State University
  • Fully renovated, 100% occupied

OVERVIEW

1) 6.47% In-Place Cap Rate at $4.1M Asking Price 2)Tax Abatement Confirmed to Survive Transfer 3) Fully Renovated and 100% Occupied 4) Prime Midtown Detroit Location, Steps from Wayne State University

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

21

PRICE/UNIT

$195,238

CAP RATE

6.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

PD

APN/PARCEL ID

01-000880

ASK ABOUT THIS PROPERTY

Ahsan TararSolvanta Commercial Real EstateMore Info
313-888-0315

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Ahsan TararSolvanta Commercial Real EstateMore Info
313-888-0315

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