Two-Asset Multi-Family Investment

Multi-Family for Sale
Catylist Listing ID: 30601511
Number of Units: 24 Units
Building Size (RSF): 18,756 SF
Gross Building Area: See Agent
Sale Price: $1,395,766
Unit Price: $58,156.92 Per Unit
Property Use Type: Investment
Building Name: Two-Asset Multi-Family Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/17/2020

Overview / Comments

Two-asset multi-family investment opportunity comprised of 24-units across
two apartment complexes. Both sites are located south of Ford Road and
situated within two blocks of each other. The offering has been able to sustain
high levels of occupancy over the course of current ownership. Both the price
point and favorable return make this an ideal investment for first-time real
estate investors. Extremely well maintained portfolio by current ownership
with many recent capital investments with best in class management. This is under contract.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $34,290 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Southern I-275 Corridor
Tax ID/APN: cpixtax
Property Located Between: Ford Road
Exterior Description: Wood Frame
Parking Description: Ample Parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,902 159,095 351,822
Median Age: 39.81 39.02 38.91
Households: 8,007 65,122 141,645
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