EXP Commercial invites qualified investors to seize the rare opportunity to acquire a value-add multifamily community with recently renovated units at the Lasalle Apartments. This well-maintained, brick-construction building offers 19 units with a prime location in North Detroit’s Highland Park neighborhood. With strong financials and a proforma cap rate of 11%, this opportunity provides a high-yield, turnkey investment. The Lasalle Apartments comprise ±11,075 square feet originally built in 1929. All units in the community have been extensively renovated in recent years. The unit mix consists of (14) one-bedroom units, (1) two-bedroom units, and (4) studio units, providing attractive options for both professionals and families. All the tenants are in great standing with management, and management is offering a one- or two-year transition management agreement to the new investor. Capital improvements to the property exceed $250,000 and include refreshed hallways and common areas, a new boiler, a newer Spanish clay tile roof, and newer windows. Additionally, all the units are individually metered for electricity. Sitting just off Highway 8 and only five minutes from Highway 10 and Interstate 96, the Lasalle Apartments are easily accessible from around the greater metro area. Tenants can find shopping and dining options within five minutes, including Dollar General, White Castle, KFC, Little Caesars Pizza, and Atlas Market. Additionally, the property sits 11 minutes from Downtown Detroit, providing an endless array of top-quality restaurants, boutique shops, nightlife, and major league sports venues.