7430 Alaska St - Apartments FOR SALE


Detroit, MI 48204- Tireman
$424,900 USD
734-355-8858
7430 Alaska St, Detroit, MI for Sale
$424,900 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

7430 Alaska St
Detroit, MI 48204
Tireman


HIGHLIGHTS

  • Fully renovated 8-unit multifamily asset

OVERVIEW

Value-Add Turnkey Asset!!! Exceptional opportunity to acquire a fully renovated 8-unit multifamily asset with immediate cash flow and additional value-add potential. Extensive capital improvements have significantly reduced future maintenance expenses, including renovated unit interiors, updated plumbing, 56 new windows, six new furnaces, six new water heaters, renovated common areas, and exterior improvements. Each unit features updated kitchens, bathrooms, flooring, doors, fixtures, and appliances, providing a turnkey investment with strong tenant appeal and the ability to attract and retain quality residents. Investors can further increase NOI by activating the currently unused basement space for coin-operated laundry and tenant storage, creating additional income streams with minimal capital investment. Located just two blocks from the Joe Louis Greenway and only 10-15 minutes from Downtown Detroit, Midtown, and major employers and retailers, the property benefits from a highly accessible location that supports long-term rental demand. With substantial recent renovations already completed and built-in upside through ancillary income opportunities, this asset offers an attractive combination of stabilized cash flow, reduced capital expenditure risk, and future revenue growth.

FOR SALE DETAILS

PRICE

$424,900 USD

PRICE/SF

$82 USD /SF

# OF UNITS

8

PRICE/UNIT

$53,113

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R2

APN/PARCEL ID

16-023656

ASK ABOUT THIS PROPERTY

Dennis JakubRe/Max ConnectionMore Info
734-355-8858

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Dennis JakubRe/Max ConnectionMore Info
734-355-8858

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