2683 Central Ave - Apartments FOR SALE


Detroit, MI 48209- Springwells
$750,000 USD
313-704-2678
2683 Central Ave, Detroit, MI for Sale
$750,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

2683 Central Ave
Detroit, MI 48209
Springwells


OVERVIEW

2683 Central is a fully renovated 10- unit apartment building in Southwest Detroit. Each unit offers two bedrooms and one bathroom. The property underwent a comprehensive renovation in 2019, including interior upgrades, boiler and steam trap replacement, roof replacement, and façade restoration. There is additional upside in adding an 11th unit to the garden level as well as implementing the PILOT program to reduce the property taxes.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

10

PRICE/UNIT

$75,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2683 Central Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,407 SF

ZONING

R3

APN/PARCEL ID

20-004924

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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