5701-5707 Woodward St - Apartments FOR SALE


Wayne, MI 48184
$1,647,700 USD
313-920-8798
5701-5707 Woodward St, Wayne, MI for Sale
$1,647,700 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

5701-5707 Woodward St
Wayne, MI 48184


OVERVIEW

Rare opportunity to own two apartment buildings. This amazing investment consists of two separate apartment buildings. Building one is a brick two story, consisting of eight, two bedroom units, private patios with sliding doors, and with central laundry room with paid laundry that generates additional income. Building two consisting of eight one bedroom units, with central laundry room. A grand total of 16 apartment units. Private parking lot with assigned spaces. Seasoned and strong rent roll for both buildings with full occupancy. All units are rented at market value with great paying long term tenants. Most of the units have been recently updated. Large center common area for both units. Both buildings are fully city certified and ready for transfer. Full financials and rent roll available after signing the NDA. Do NOT disturb tenants. Showings will be scheduled only upon accepted offer. BATVAI

FOR SALE DETAILS

PRICE

$1,647,700 USD

PRICE/SF

$133 USD /SF

# OF UNITS

16

PRICE/UNIT

$102,981

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

Multi Family

APN/PARCEL ID

55-016-06-0026-000,55-016-06-0028-000

ASK ABOUT THIS PROPERTY

Hiba SaadKeller Williams LegacyMore Info
313-920-8798

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Hiba SaadKeller Williams LegacyMore Info
313-920-8798

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