NO SELLER FINANCING! Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Current occupancy 90%. Property is at a 10%+ cap rate with add value. Nice curb appeal, high demand building near Dearborn. Two Boilers and roof updated, newer windows. Clean environmental report. Rear and side parking lot for tenants, with a security system. Property manager in place that is transferable. Ideal opportunity for cash buyer or bank financing.
28,406 Sq Ft
0.62 Private Acres Lot Size
investment
$5,382 Monthly Tax
Built in 1957
MLS/Listing ID 58050188314
40 Units
Basement
Heating - Steam
Heating - Natural Gas
TOTAL MONTHLY COST
$0
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