72 Units,, Detroit Michigan, United States
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| Listing Type | For Sale | | Property Type | Apartment | | Tenure | Freehold | | Listing Price | USD1,440,000.00 | | Currency | USD (United States dollar) | | Agent Name | Foreign Sunshine Realty (Pte.) Ltd |  | (65) Click for Phone Number |  | Click for Fax Number | | Posted Date | 8/23/2012 |
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Total Units: 72
Sale Price : 1,440,000
Occupancy: 85%
Nett Yield: 13.5%
- The property itself comprised of one 4-story midrise building composed of 72 spacious apartments and rentable office space that is approximately 1,500 Ft.2.
- The property is outfitted with a landlord-paid, hot-water baseboard heating system and tenant-paid electrical.
- The property was fully renovated in 2003 including numerous unit and common area upgrades.
- Additionally, in 2009 the current owners did a complete overhaul of the boiler system at a cost in excess of $15,000.
- This property is located in Detroit, MI.
Future Potential
- The project is at a location very near downtown Detroit, also there is an approval for a casino to build just 1km from the project.
Contact agent: [email protected]
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