9741 Joseph Campau St - Storefront Retail/Residential FOR SALE


Hamtramck, MI 48212
$1,750,000 USD
248-420-1361
9741 Joseph Campau St, Hamtramck, MI for Sale
$1,750,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 10.26% Cap Rate

9741 Joseph Campau St
Hamtramck, MI 48212


HIGHLIGHTS

  • 11,565 SF building with 10 fully occupied apartment units and 3 commercial units
  • Renovated in 2024. Owner made over $6,000 on Apartment Airbnb in 3 months after fees!
  • Free Parking on street. Tenant parking in back
  • Combination of multi-family and commercial mixed-use space

OVERVIEW

Introducing a prime investment opportunity in Hamtramck. This meticulously renovated 11,565 SF property features 10 fully occupied apartment units, offering a lucrative combination of multi-family and commercial mixed-use space. With an eye on value addition, there's potential for increased rental income from the apartment and commercial units (recently renovated). Boasting a strategic location and a thriving local rental market, this property presents an exceptional prospect for multifamily and high-rise investors seeking a robust return on investment. Don't miss the chance to capitalize on this dynamic income-generating asset in a flourishing community.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

10.26%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hamtramck Apartments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CBD

APN/PARCEL ID

41-003-04-0245-300

ASK ABOUT THIS PROPERTY

Kathleen GarmoKeystone Commercial Real EstateMore Info
248-420-1361

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Kathleen GarmoKeystone Commercial Real EstateMore Info
248-420-1361

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