8451 Navy St - Apartments FOR SALE


Detroit, MI 48209- Springwells
$350,000 USD
313-704-2678
8451 Navy St, Detroit, MI for Sale
$350,000 USD
Apartments - FOR SALE
1/9
null | 9.93% Cap Rate

8451 Navy St
Detroit, MI 48209
Springwells


OVERVIEW

8451 Navy Street is a fully renovated multifamily property located in the heart of Southwest Detroit. Originally built in 1926 and renovated in 2020, the building is made up of four units, each one including one bedroom plus den, one bathroom, and approximately 500 square feet. The units have been updated with all new mechanical, electrical, and plumbing, combining modern kitchens & bathrooms with the durability of new systems and a solid masonry structure. Electric and gas are separately metered and paid by the tenants, while water is paid by the landlord. A shared laundry facility is available onsite in the basement. Property tours start July 15th from 12:00 - 12:45

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

4

PRICE/UNIT

$87,500

CAP RATE

9.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Francis Apartments

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

0.07 AC

LAND SF

3,049 SF

ZONING

B4

APN/PARCEL ID

20-006102

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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