70 Highland St - Apartments FOR SALE


Highland Park, MI 48203
$225,000 USD
248-359-0615
70 Highland St, Highland Park, MI for Sale
$225,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

70 Highland St
Highland Park, MI 48203


HIGHLIGHTS

  • 70 Highland Street presents a vacant apartment building configured for 42 studio units.
  • Residents in Highland Park are less than 10 miles north of Downtown Detroit and enjoy quick access to Routes 10 and 8 and Interstate 75.
  • Nestled in the TOD Zoning area (Transit Oriented Design), for easy accessibility and visibility.
  • The apartment building can be repurposed for retail operations spanning 39,340 square feet.

OVERVIEW

Signature Associates is pleased to present the value-add investment opportunity of 70 Highland Street, a vacant, 42-unit apartment building able to cater to various retail and mixed-use operations. Zoned TOD for Transit Oriented Design, the location is prime for public transit and accessibility. The surrounding 5 miles have a population of 380,403 and a median household income of $44,997. 70 Highland Street is less than 10 miles from Downtown Detroit and off State Routes 8 and 1 for easy accessibility. Inquire today for more information and all possible future uses.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$6 USD /SF

# OF UNITS

42

PRICE/UNIT

$5,357

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

TOD

APN/PARCEL ID

43-012-04-0173-002

ASK ABOUT THIS PROPERTY

Joe StackSignature AssociatesMore Info
248-359-0615

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

Joe StackSignature AssociatesMore Info
248-359-0615

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