This property is Off-Market

23301 - 23651 W. 8 Mile Road
Detroit, MI 48219 ·

156 Units · Multifamily For Sale

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BONNIEVIEW APARTMENTS

Price N/A Commission Split 3%
No. Units 156 Cap Rate 11%
Building Size 134,000 SF Gross Rent Multiplier 3
Property Type Multifamily No. Stories 3
Property Sub-type Garden/Low-Rise Year Built 1967
Property Use Type Investment Lot Size 262,000 SF
Listing ID: 15859290 Date Created: 08/20/2008 Last Updated: 06/22/2015

Description

Nice Apartment complex features a court yard type design with an inground swimming pool. Access to the complex is restricted by a gated entry system. Each building has an intercom entry, a laundry room, a tenant storage room filled with individual lockers and a boiler room. There are 108 (1) bedroom (1) bathroom units and 48 (2) bedroom (1) bathroom units. Every apartment has a window A/C unit. The buildings are brick with vinyl siding. Mature landscaping and a circular parking layout completes this nice apartment complex.

Located on the South side of 8 Mile Rd. just East of Telegraph Rd. The complex backs to the Rouge River, which runs at an angle and provides a nice backdrop to the property. The west side of the complex is bounded by the former Bonniebrook Golf Course and the East side of the complex is adjacent to a cellular tower.

Highlights

  • Easy access to 8 Mile and Telegraph Roads.
  • Inground swimming pool.
  • Fenced property with gated card access driveways.
  • Intercoms at all exterior doors.
  • Brick and Vinyl Siding on all buildings.
  • Laundry rooms in each building.

Research

23301 - 23651 W. 8 Mile Road, Detroit, MI 48219 (Wayne County)

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