24290 W 7 Mile Rd - Apartments FOR SALE


Detroit, MI 48219- Redford
$3,300,000 USD
248-356-8000
24290 W 7 Mile Rd, Detroit, MI for Sale
$3,300,000 USD
Apartments - FOR SALE
1/5
null | 10.06% Cap Rate

24290 W 7 Mile Rd
Detroit, MI 48219
Redford


HIGHLIGHTS

  • 40,970 SF apartment building on 1.8 acres
  • 2 floors
  • 63 units: 58 x 1 BR, 5 x 2 BR
  • Built in 1960
  • Multifamily/High-rise investment potential
  • Located 15 minutes from Downtown Detroit

OVERVIEW

Courtyard Apartments offers an exceptional investment opportunity for multifamily/high-rise investors. This well-maintained property features 60 units in a prime location, offering the potential for high returns. With an extensive unit count and appeal, this property is an ideal choice for those seeking a multifamily investment with substantial growth potential.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

60

PRICE/UNIT

$55,000

CAP RATE

10.06%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,350 SF

ZONING

Commercial

APN/PARCEL ID

22-0167846

ASK ABOUT THIS PROPERTY

Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

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

Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

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