9439 Chalmers St - Apartments FOR SALE


Detroit, MI 48213- Conner
$525,000 USD
248-963-0505
9439 Chalmers St, Detroit, MI for Sale
$525,000 USD
Apartments - FOR SALE
1/14
null | 15% Cap Rate

9439 Chalmers St
Detroit, MI 48213
Conner


OVERVIEW

Turnkey 8-unit in historic Jefferson Chalmers. All units are 1-bed, 1-bath w/ expansive layouts & natural light. 100% occupancy, immediate cash flow. The building is currently occupied by safe, long-term, and reliable tenants who treat the property with care, ensuring immediate and stable cash flow for an investor. Tenants pay own electric (individually metered). An added amenity rarely found in this area: dedicated storage units are available on-site, providing extra convenience for tenants and a potential ancillary income stream. With its brick exterior, partial basement, and prime location just minutes from the Detroit River, Grosse Pointe, and downtown, this is a true turnkey investment.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

8

PRICE/UNIT

$65,625

CAP RATE

15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Commercial

APN/PARCEL ID

21-05586-870

ASK ABOUT THIS PROPERTY

Abe BasriBrookstone RealtorsMore Info
248-963-0505

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Abe BasriBrookstone RealtorsMore Info
248-963-0505

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