1701 Evans St - Apartments FOR SALE


Detroit, MI 48209
$600,000 USD
313-451-0202
1701 Evans St, Detroit, MI for Sale
$600,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

1701 Evans St
Detroit, MI 48209


HIGHLIGHTS

  • LOCATED IN HOT VERNOR MEXICAN TOWN AREA OF SOUTHWEST DETROIT
  • LOCATED MINUTED FROM DOWNTOWN DETROIT AND FORD'S MICHIGAN CENTRAL STATION
  • TWO BUILDINGS. 4 UNITS PER BUILDING. EACH UNIT IS 2 BEDS, 850 SQFT

OVERVIEW

GREAT LOCATION WITH THIS 8-UNIT APARTMENT BUILDING LOCATED IN THE HOT UP AND COMING VERNOR AREA OF SOUTHWEST DETROIT. THERE ARE 2 BUILDINGS. EACH BUILDING HAS 4 UNITS. ALL UNITS HAVE 2 BEDROOMS AND 850 SQFT PER UNIT. 2 OF THE 8 UNITS ARE OCCUPIED PAYING $850 PER MONTH. POTENTIAL FOR $1000 PER MONTH. UNITS HAVE BEEN UPDATED WITH NEW WINDOWS, NEW HVAC, UPDATED KITCHENS AND BATHS. LOCATED CLOSE TO SCHOOLS, SHOPPING, AND MAJOR FREEWAYS. WALKING DISTANCE FROM RESTAURANTS AND SHOPPING. MINUTES FROM DOWNTOWN DETROIT.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

8

PRICE/UNIT

$75,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OXFORD APTS.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R2

APN/PARCEL ID

20-006671

ASK ABOUT THIS PROPERTY

Tarick SalmaciARG AMERICAN REALTY GROUPMore Info
313-451-0202

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Tarick SalmaciARG AMERICAN REALTY GROUPMore Info
313-451-0202

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