$25,000,000 USD
773-972-6762
8100-8106 E Jefferson Ave
Detroit, MI 48214
Riverfront East
HIGHLIGHTS
- Prime riverfront location with panoramic skyline and water views | Minutes from Downtown Detroit and directly across from Belle Isle Park
- Excellent connectivity to major employers, retail, and entertainment | Situated within the vibrant Gold Coast – one of Detroit’s most desirable reside
- 100% Seawall Replacement (400’ of Seawall) | Full modernization of all eight elevators and shafts | 389 total units | 20 units fully renovated
- Partial Brick, Limestone Restoration and Window replacement on Tower D | Lobby renovation and new fitness equipment
- New boilers, domestic hot water systems & 100% of Steam Traps in all 389 Units Replaced | Structural restoration of 26 garage columns
- Renovated units achieving $250 rent premiums | Upgraded kitchens, cabinets & countertops | New stainless-steel appliances
FOR SALE DETAILS
PRICE
$25,000,000 USD
PRICE/SF
$65 USD /SF
# OF UNITS
389
PRICE/UNIT
$64,267
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Alden Towers
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
8
YEAR BUILT
1922
PARKING SPACES
380
LAND DETAILS
LAND ACRES
3.4 AC
LAND SF
148,104 SF
ZONING
R6
APN/PARCEL ID
17-000014
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773-972-6762
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773-972-6762
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