8616 2nd Ave - Apartments FOR SALE


Detroit, MI 48202- New Center
$399,000 USD
248-631-8085
8616 2nd Ave, Detroit, MI for Sale
$399,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

8616 2nd Ave
Detroit, MI 48202
New Center


HIGHLIGHTS

  • Two buildings; 9,337 SF total
  • (11) apartment units in 8616 2nd
  • 20-resident assisted living in 158 Pingree
  • New boiler in 158 Pingree
  • Tremendous location
  • Contact Broker for additional details

OVERVIEW

Former assisted living facility and adjacent 11 unit apartment building for sale in Detroit's New Center neighborhood.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$43 USD /SF

# OF UNITS

31

PRICE/UNIT

$12,871

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,923 SF

ZONING

B4

APN/PARCEL ID

02-0012989

ASK ABOUT THIS PROPERTY

Andrew BattersbyThomas Duke CompanyMore Info
248-631-8085

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Andrew BattersbyThomas Duke CompanyMore Info
248-631-8085

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