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3205 Kendall St

detroit, MI 48238

$1,350,000

  • 25 BR
    25 BA
    approx. 14,388 SF

Interested? Let's Connect

Stunning brick apartment complex located on Detroit's desirable west side in the Dexter/Linwood area. This 24-unit multifamily asset consists entirely of one-bedroom, one-bath units and is currently approximately 90% occupied, with a portion of Section 8 tenants. The property has seen several major capital improvements, including a roof approximately 5 years old, updated vinyl windows, a boiler replaced approximately 2 years ago, and a newer hot water tank. More than half of the units have been rehabilitated, offering immediate upside and reduced near-term capital expenditures. This stabilized asset operates at an impressive ~12% cap rate, generating approximately $150,000 in net annual income. An excellent opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental corridor. Serious inquiries

Details

14,388 Sq Ft

0.2 Private Acres Lot Size

investment

$14,161 Annual Tax

Built in 1925

MLS/Listing ID 58050198604

25 Units

Amenities & Features

Basement

Heating - Steam

Heating - Natural Gas

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TOTAL MONTHLY COST

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  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

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