45437 Deshon St - Apartments FOR SALE


Utica, MI 48317
$4,620,000 USD
248-226-1610
45437 Deshon St, Utica, MI for Sale
$4,620,000 USD
Apartments - FOR SALE
1/4
null | 6.9% Cap Rate

45437 Deshon St
Utica, MI 48317


OVERVIEW

? Prime Location: In Utica, bordering Shelby Township and Sterling Heights ? Value-Add Opportunity: 93% occupied w/ 2 vacant units, offering immediate lease-up upside ? At-Will Reset Upside: 13 of 26 leases month-to-month, priced below market ? Spacious 2-Bedroom Layout: Granite countertops, stainless steel appliances, private patio ? Highly Accessible: Direct M-53 corridor access, minutes from Rochester & Detroit

FOR SALE DETAILS

PRICE

$4,620,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

28

PRICE/UNIT

$165,000

CAP RATE

6.9%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Utica Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

Comm/Impr

APN/PARCEL ID

11-07-34-302-016

ASK ABOUT THIS PROPERTY

Simon JonnaJonna GroupMore Info
248-226-1610

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Simon JonnaJonna GroupMore Info
248-226-1610

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