16940 Log Cabin St - Apartments FOR SALE


Detroit, MI 48203
$860,000 USD
989-980-7359
16940 Log Cabin St, Detroit, MI for Sale
$860,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

16940 Log Cabin St
Detroit, MI 48203


HIGHLIGHTS

  • Major Price Improvement
  • Additional Lot with Garage Included
  • Fenced Parking

OVERVIEW

Major price improvement. Value add 13 unit apartment building with gated private parking, a spacious lot, and a certificate of compliance. This building has been updated and most capital improvements have been completed. Centrally located this building offers 10-minute access to Downtown, close proximity to major grocers and public transportation. Strategically situated for investment opportunity, with the flurry of investment in the City of Detroit. This building has some separate utility meters allowing room for low operating expenses. Rents are below market.

FOR SALE DETAILS

PRICE

$860,000 USD

PRICE/SF

$74 USD /SF

# OF UNITS

13

PRICE/UNIT

$66,154

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jonathan Tudor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

APT, Detroit

APN/PARCEL ID

08-009542,08-009543,08-009544

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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