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listing
1 of 20
Multifamily
$2,500,000
21400 W 7 Mile
Detroit, MI 48219
Listed by: Keller Williams Paint Creek, (248) 609-8000
MLS: MiRealSource
64Baths
50,478Sq Ft
Est. Mortgage
$13,005/mo

64-unit brick apartment complex in 8 buildings situated on 2.28 acre site with nice curb appeal and location is 75% occupied. 24 two bedroom units and 40 one bedroom units. Complex underwent a $500,000 capital improvement plan in 2022. New electrical & plumbing have been completed to building of 16 vacant units with only interior finish to be completed (estimated to bring an additional $153,600 in rental income annually). Some leases under market rent with ability to sign new leases at higher amount. All units have individual furnaces which is paid for by tenants. Large parking lot for tenants and property management office and property manager in place. Ideal opportunity for all cash buyer or bank financing.

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IDX provided courtesy of Realcomp II Ltd. via Hassan Shukr and MiRealSource, ©2024 Realcomp II Ltd. Shareholders. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.
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