248-359-3838
Little Village Multifamily Portfolio
Detroit, MI
East Village
HIGHLIGHTS
- Ownership is in the process of obtaining a PILOT which not only solves for any tax exposure, it will actually reduce current taxes by ~$100K.
- New developments such as the Shepherd, Stanton Yards, and Collect, are attracting new renters and pushing demand in the immediate neighborhood.
- Both organic rent growth and rental premiums through strategic renovations will be possible for years to come.
- Beztak took over management in October and has made significant strides as it relates to occupancy and collections.
- Additional upside is available through the implementation of a RUBS program which will help offset the significant Utility Expenses.
OVERVIEW
Signature is proud to present the Little Village Detroit Portfolio, offering a unique investment opportunity to acquire 3 iconic multifamily assets in the heart of Detroit’s newest cultural corridor. Little Village has been coined “The Next Big Thing in Detroit” according to Forbes. Located along the Detroit River, adjacent to historic Indian Village, and minutes from the Detroit Central Business District, the Portfolio offers residents immediate access to Detroit’s newest up and coming art & culinary hub, strong employment, the nation’s 2nd largest theater district, several parks, casinos, and four professional sporting venues. Aside from the Portfolio’s natural charm, timeless architecture, and incredible location, the assets offer significant long-term upside potential through renovation and organic rent growth.
www.littlevillage.signature-multifamily.com/
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248-359-3838
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248-359-3838
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