3017-3029 W Buena Vista St - Apartments FOR SALE


Detroit, MI 48238- North Detroit | 
$799,000 USD
248-662-5066
3017-3029 W Buena Vista St, Detroit, MI for Sale
$799,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

3017-3029 W Buena Vista St
Detroit, MI 48238
North Detroit


HIGHLIGHTS

  • Excellent opportunity to renovate and lease out 36 Units!

OVERVIEW

Receivership sale. Vacant apartment complex consisting of 36 units. Consists of 2 buildings - connected with walkway in between. Half of the building was completely gutted and renovation started (not completed), including new electrical, new plumbing, drywall, new windows and new roof. The other half is in poor condition and needs to be renovated. Great opportunity to complete the renovation in phases and lease out units. Potential city and state grants available. Located near University of Detroit Mercy, Wayne State and Boston-Edison Historic District. Easy access via I-75, I-96 and M10.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$27 USD /SF

# OF UNITS

40

PRICE/UNIT

$19,975

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buena Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

R2

APN/PARCEL ID

12-004251,12-004252

ASK ABOUT THIS PROPERTY

Emil CherkasovForward Commercial Group LLCMore Info
248-662-5066

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Emil CherkasovForward Commercial Group LLCMore Info
248-662-5066

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