7720 Pitt St - Apartments FOR SALE


Detroit, MI 48209- Springwells
$1,750,000 USD
313-704-2678
7720 Pitt St, Detroit, MI for Sale
$1,750,000 USD
Apartments - FOR SALE
1/28
null | 10.15% Cap Rate

7720 Pitt St
Detroit, MI 48209
Springwells


OVERVIEW

Pitt Central Manor presents a unique opportunity to acquire a well-maintained, five-building apartment community in the highly sought-after Southwest Detroit neighborhood. Located at the intersection of Central and Pitt Streets, this 50-unit property includes 47 fully leased units, plus three additional units primed for renovation, offering immediate value-add potential. The unit mix includes 29 spacious two-bedroom apartments and 21 one-bedroom residences, all featuring hardwood floors, expansive layouts, and abundant natural light. With strong occupancy rates and sustained demand for quality housing in Southwest Detroit, Pitt Central Manor offers an investment opportunity for someone seeking stable cash flow and option to capitalize on untapped potential through property enhancements. Property tours will be Tues, Feb. 11th Noon - 1:00 PM and Tues, Feb. 18th Noon - 1:00 PM

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$33 USD /SF

# OF UNITS

50

PRICE/UNIT

$35,000

CAP RATE

10.15%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pitt Central Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,475 SF

ZONING

R3

APN/PARCEL ID

20-004943,20-004944,20-004945,20-004946,20-004947

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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