Apartment Buildings /MI /Wayne County /Detroit /16571-16625 Schaefer Hwy
Apartment Buildings /MI /Wayne County /Detroit /16571-16625 Schaefer Hwy

16571-16625 Schaefer Hwy - Apartments FOR SALE


Detroit, MI 48235- Harmony Village | 
$3,500,000 USD
248-631-8085
16571-16625 Schaefer Hwy, Detroit, MI for Sale
$3,500,000 USD
Apartments - FOR SALE
1/8
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16571-16625 Schaefer Hwy
Detroit, MI 48235
Harmony Village

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HIGHLIGHTS

  • 68 unit multifamily opportunit
  • 60 1BR units; 8 2BR units
  • Currently 79% occupied
  • Strong location near Marygrove; U of D
  • Strong population density
  • Contact Broker for financials

OVERVIEW

68 unit apartment complex for sale near University of Detroit on the west side of Detroit, M

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$47 USD /SF

# OF UNITS

68

PRICE/UNIT

$51,471

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College Grove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,779 SF

ZONING

R2

APN/PARCEL ID

22-03066-274,22-03067-586,22-03068-790

ASK ABOUT THIS PROPERTY

Andrew BattersbyThomas Duke CompanyMore Info
248-631-8085

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Andrew BattersbyThomas Duke CompanyMore Info
248-631-8085

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