154 Dickinson St - Apartments FOR SALE


Mount Clemens, MI 48043
$1,200,000 USD
248-515-2785
154 Dickinson St, Mount Clemens, MI for Sale
$1,200,000 USD
Apartments - FOR SALE
1/9
null | 8.06% Cap Rate

154 Dickinson St
Mount Clemens, MI 48043


OVERVIEW

This community boasts of 18 spacious two-bed one-and-a-half-bath Townhomes, each measuring 800 square feet. Dickinson Manor Townhomes was built in 1972 and has been well maintained over the years with mature trees and landscaping. Currently, Dickinson Manor Townhomes is operating at 72.2% physical occupancy. The tenants have brought their own appliances to 9 of the units, and the other 9 units have owner-supplied appliances. The owner has put in significant Cap Ex over the last two years, consisting of upgrading 11 units, a new roof, and new vinyl siding. Even more impressive than this asset’s condition is the location.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

18

PRICE/UNIT

$66,667

CAP RATE

8.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dickinson Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

multifamil

APN/PARCEL ID

05-11-13-157-013

ASK ABOUT THIS PROPERTY

Bruce ListerIncome Property OrganizationMore Info
248-515-2785

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Bruce ListerIncome Property OrganizationMore Info
248-515-2785

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.