18949-18969 Hoover - Apartments FOR SALE


Detroit, MI 48205
$800,000 USD
248-513-8001
18949-18969 Hoover, Detroit, MI for Sale
$800,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

18949-18969 Hoover
Detroit, MI 48205


OVERVIEW

This owner has several other value-add multifamily properties in the Saginaw, Detroit, and Flint area markets. Contact us for more details on this property plus our other available properties. Hoover Place Townhomes presents a rare investment opportunity! Located at 18949-18985 Hoover, this unique collection of 8 individual townhouse units offers 1 bedroom and 1 bathroom with private basements and off-street parking for every unit. Each unit has separate water, electrical, and gas meters, providing ease of management. Currently occupied, these units generate a steady income stream, with financial information available upon request. Plus, no interior showings are required with an accepted offer or Letter of Intent (LOI).

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

16

PRICE/UNIT

$50,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

17-0139327

ASK ABOUT THIS PROPERTY

Timothy CookSkyline Realty Group, LLCMore Info
248-513-8001

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

Timothy CookSkyline Realty Group, LLCMore Info
248-513-8001

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