26601 W Carnegie Park Dr - Apartments FOR SALE
Southfield, MI 48034 |
26601 W Carnegie Park Dr
Southfield, MI 48034
HIGHLIGHTS
- Call for Offers! March 11, 2022 @ 3:00pm EST
- Southfield rental market exceeds 97.4% occupancy, enabling substantial organic rent growth, 4% in lease turnover from effective rent to market rent
- Close Proximity to Major Thoroughfares: Carnegie Park is conveniently located near I-696, the Lodge (M-10) & Telegraph Road (US-24)
- New Financing: The property is being offered free and clear of existing debt
- Accretive Value Add: Carnegie Park is well positioned for the next owner to capitalize on the pristine current condition of the asset
- Upside Potential: Due to the excellent physical condition, the new owner can take advantage of significant rent premiums
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Carnegie Park Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
200000
STORIES
3
YEAR BUILT
1987
PARKING SPACES
410
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
24-18-400-033,24-18-452-001
