Historical Multifamily Sale Listing - Lahser Apartments

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Lahser Apartments

16885 Lahser Apartments, Detroit, MI 48219

N/A

20 Units | Multifamily

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Apartment Entrance

Multifamily Property - Off Market

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

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

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

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Created 11/21/2012