7501 Dunedin St - Apartments FOR SALE


Detroit, MI 48206
$320,000 USD
313-686-4536
7501 Dunedin St, Detroit, MI for Sale
$320,000 USD
Apartments - FOR SALE
1/21
null | 8.5% Cap Rate

7501 Dunedin St
Detroit, MI 48206


HIGHLIGHTS

  • This Building contains two large (1,200 SF each), 2-bedroom, 1-bath units with front and back porches.
  • The building sits on a drivable alleyway and has space for on-site parking in the back.

OVERVIEW

Welcome to La Salle Gardens, one of the most sought-after neighborhoods in Detroit. More than 3.5 Billion of investments are currently taking place in the New Center / La Salle area, e.g. The HFHS South Campus, the Lee Plaza Hotel Renovation and Herman Kiefer Development. Units in the area rent for around $1,500 per month. The units are fully sub-metered; LL only pays for water, and tenants are responsible for electricity and gas. This Duplex was fully renovated in 2020 and has received a complete overhaul. It has a New Roof, Front and Back Porch, Windows, Bathrooms, and Kitchens, all new Mechanical (2 x 60K BTU Forced Air Furnaces with AC), all New Electrical (New Service Entry, New Subpanels, and all new Romex Wiring), and Plumbing (all new PEX and PVC Plumbing, new Stack Pipes, new P-Trap, etc.) Please call us for an OM or additional information

FOR SALE DETAILS

PRICE

$320,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

2

PRICE/UNIT

$160,000

CAP RATE

8.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R2

APN/PARCEL ID

08-009136

ASK ABOUT THIS PROPERTY

Martin HerzDetroit Rock SolidMore Info
313-686-4536

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

Martin HerzDetroit Rock SolidMore Info
313-686-4536

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