Stanton Apartments

Multi-Family for Sale
Catylist Listing ID: 30545406
Number of Units: 32 Units
Building Size (RSF): 32,476 SF
Gross Building Area: See Agent
Gross Land Area: 0.27 Acres
Sale Price: $849,000
Unit Price: $26,531.25 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Stanton Apartments
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/17/2020

Overview / Comments

Currently vacant 4-story, 32 unit apartment complex with basement. 8 units per
floor. (8) 1 bedroom and (24) 2 bedroom units. Ideal redevelopment
opportunity. Separate meters at one time.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $10,283 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 1000122
Zoning: B-4
Property Located Between: Linwood Street
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1919
Exterior Description: Brick
Total Parking Spaces: 30
Heat Type: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,215 152,448 414,607
Median Age: 35.54 36.7 34.69
Households: 3,209 63,038 157,185
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