22330 W Warren Ave - Apartments FOR SALE


Detroit, MI 48239
$995,000 USD
314-239-7713
22330 W Warren Ave, Detroit, MI for Sale
$995,000 USD
Apartments - FOR SALE
1/29
null | 8.2% Cap Rate

22330 W Warren Ave
Detroit, MI 48239


OVERVIEW

Excellent opportunity to own and operate a 14 unit apartment building on the far west side of Detroit. An already well managed asset, this building falls on the immediate border of Redford and Dearborn Heights, and surrounding home values and rents contribute to a potentially bright future of appreciation. This property both cash flows now and has meat on the bones for rent increases that will lead to a higher NOI and ultimately a higher valuation as a result. Offering memorandum and rent roll available upon request.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

14

PRICE/UNIT

$71,071

CAP RATE

8.2%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,983 SF

ZONING

B4

APN/PARCEL ID

22-0004506

ASK ABOUT THIS PROPERTY

Michael HelfantKW CommercialMore Info
314-239-7713

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Michael HelfantKW CommercialMore Info
314-239-7713

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