24311 Plymouth Rd - Apartments FOR SALE


Redford, MI 48239- Redford Livonia
$950,000 USD
803-805-8080
24311 Plymouth Rd, Redford, MI for Sale
$950,000 USD
Apartments - FOR SALE
1/2
null | 9.11% Cap Rate

24311 Plymouth Rd
Redford, MI 48239
Redford Livonia


HIGHLIGHTS

  • Most units updated
  • $55k a door

OVERVIEW

17 unit at 55k a door. Most of the photos are in OM. Current ownership has renovated 13 of 17 the units with new LVP flooring, kitchens, baths, paint, lights, doors, appliances and trim. Exteriors have been repainted grey with white trim in 2023. Roofs were replaced on 5 of the 8 buildings in 2023. New furnaces for units 9&10 and hot water tanks for units 1, 12, 14, 15, 16, 17, and 18. Electrical was updated in 2023 with GFCI. Exterior landscaping was refreshed and trees removed in 2023. Parking lot was seal coated and striped in 2023. New concrete walks in 2022

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

17

PRICE/UNIT

$55,882

CAP RATE

9.11%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redford Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

17

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

79-045-01-0320-000

ASK ABOUT THIS PROPERTY

Bryce BedwellEartly EquityMore Info
803-805-8080

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

Bryce BedwellEartly EquityMore Info
803-805-8080

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