7236 Rutland St - Apartments FOR SALE


Detroit, MI 48228- West Side
$11,990,000 USD
248-356-8000
7236 Rutland St, Detroit, MI for Sale
$11,990,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

7236 Rutland St
Detroit, MI 48228
West Side


HIGHLIGHTS

  • 102 units: 1 Bedroom $800
  • 84 units: 2 Bedroom $950
  • Enrolled in 15 Year Pilot Program

OVERVIEW

Introducing West Park Manor Apartments, an exceptional investment opportunity. This SF mid-rise building, comprising 186 units, presents a prime investment in the thriving Detroit area. With its solid construction, this property offers a lucrative investment for a multifamily investor seeking a stable and established asset. The spacious units cater to the demand for comfortable and attractive living spaces, making this property a lucrative addition to any investment portfolio. Don't miss out on the chance to acquire this impressive multifamily asset in the heart of Detroit.

FOR SALE DETAILS

PRICE

$11,990,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

186

PRICE/UNIT

$64,462

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Park Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

200

LAND DETAILS

LAND ACRES

5.84 AC

LAND SF

254,390 SF

ZONING

PD

APN/PARCEL ID

22-06846-381

ASK ABOUT THIS PROPERTY

Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

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Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

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