710 E Ferry St - Apartments FOR SALE


Detroit, MI 48202- Midtown Detroit
$11,000,000 USD
248-505-2509
710 E Ferry St, Detroit, MI for Sale
$11,000,000 USD
Apartments - FOR SALE
1/3
null | 7.53% Cap Rate

710 E Ferry St
Detroit, MI 48202
Midtown Detroit


HIGHLIGHTS

  • Newly built in 2017
  • Annual rents are going up.

OVERVIEW

This is a newer construction cash-flowing townhome-style apartment complex for sale. Excellently maintained. Located in the Midtown Cultural District, Nailah Commons incorporates a newer classic townhouse style, featuring modern amenities combined with historic architectural elements. This site is located within the Art Center District of Midtown within close proximity to Peck Park, the Detroit Institute of Arts, the College for Creative Studies, the Charles H. Wright Museum, Michigan Science Center, and so much more.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

58

PRICE/UNIT

$189,655

CAP RATE

7.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nailah Commons Rowhouses

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3

APN/PARCEL ID

03-00153-740

ASK ABOUT THIS PROPERTY

Ellen MahoneyRe/Max Commercial ConnectionMore Info
248-505-2509

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Ellen MahoneyRe/Max Commercial ConnectionMore Info
248-505-2509

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