This Multifamily Property is Off-Market.

16885 Lahser Apartments
Detroit, MI 48219 ·

20 Units · Multifamily For Sale

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Lahser Apartments

Price N/A Commission Split 3%
No. Units 20 Cap Rate 22.48%
Building Size 14,810 SF Gross Rent Multiplier 3.16
Property Type Multifamily Lot Size 0.34 AC
Property Sub-type Mid/High-Rise APN / Parcel ID W22l113714C6
Property Use Type Investment
Listing ID: 17923775 Date Created: 11/21/2012 Last Updated: 08/19/2013

Description

NEW MEIJER IS OPENING SOON WITHIN QUARTER MILE; CORNER OF GRAND RIVER AVE AND MCNICHOLS RD AT THE VACANT REDFORD HIGH SCHOOL.CURRENT OWNER DID ALL THE UPDATES ON THIS 20 UNITS APT.JUST PURCHASE AND COLLECT THE RENT. FULLY OCCUPIED WITH 22.48 CAP RATE.2012 UPGRADES INCLUDES ALL 64 ELECTRIC BASEBOARD HEATER, ALL 40 WINDOWS, NEW CARPET IN ALL APTS AND COMMON AREA, NEW PAINT, DOORS, APPLIANCES.CALL LISTING AGENT FOR MORE INFO. LISTING AGENT PART OWNER.

PROPERTY LOCATED ON LAHSER ROAD (WEST SIDE) AND SOUTH OF MCNICHOLS ROAD

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16885 Lahser Apartments, Detroit, MI 48219 (Wayne County)

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