197 Denby St - Apartments FOR SALE


Romeo, MI 48065
$1,300,000 USD
740-710-1927
197 Denby St, Romeo, MI for Sale
$1,300,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

197 Denby St
Romeo, MI 48065


HIGHLIGHTS

  • Denby Apartments comprise two multifamily buildings in a park-like setting in a beautiful downtown area of Romeo.
  • They are within walking distance to downtown for fun and shopping.
  • Averaging full occupancy, these present a prime Michigan multifamily asset to be added to an investor's portfolio.
  • While Romeo is a suburb of Detroit, it offers residents a suburban and rural feel.

OVERVIEW

197 Denby Street is home to two identical multifamily buildings in a park-like setting, located on two lots at the corner of Denby and Spring Streets in Romeo, Michigan. Each building has four units consisting of three two-bedroom apartments and a single one-bedroom apartment. The buildings also feature a utility/laundry room with wash appliances. The upper units are heated with gas-forced air furnaces/ with A/C, and the lower units with a gas water baseboard system. For 35 years, the present owner has provided a level of maintenance of unusually high quality seldom seen in apartments. Contact Dr. Stasak at naomistasak@gmail.com to learn more.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denby Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

Village

APN/PARCEL ID

28-04-02-205-005

ASK ABOUT THIS PROPERTY

Kirsten BridgesDenby ApartmentsMore Info
740-710-1927

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Kirsten BridgesDenby ApartmentsMore Info
740-710-1927

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