5701-5707 Woodward St - Apartments FOR SALE


Wayne, MI 48184
$1,699,000 USD
313-920-8798
5701-5707 Woodward St, Wayne, MI for Sale
$1,699,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

5701-5707 Woodward St
Wayne, MI 48184


HIGHLIGHTS

  • Two Separate Buldings
  • Recently Updated
  • Fully occupied at market rent

OVERVIEW

Rare Opportunity - Two Apartment Buildings - 16 Total Units. Fully occupied and City Certified. Building 1 consists of 8 two bedroom units and Building 2 consists of 8 one bedroom units. Many of the units have been completely remodeled and updated. Both buildings are 100% occupied. Private parking spaces for each unit. Seasoned rent roll, operating expenses, and cash flow. Building mechanicals have regular maintenance records, roof is newer. All financials will be provided upon request with proof of funds. Do not approach or disturb tenants.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

16

PRICE/UNIT

$106,188

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

Multi Family

APN/PARCEL ID

55-016-06-0026-000,55-016-06-0028-000

ASK ABOUT THIS PROPERTY

Hiba SaadKeller Williams LegacyMore Info
313-920-8798

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Hiba SaadKeller Williams LegacyMore Info
313-920-8798

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