Description

Skyview Apartments is a three (3) story multifamily community situated on an approximately 1.67 acres of land at 11060 E. McNichols Road, 11100 E. McNichols Road, and 13140 Conner Street in the City of Detroit. The Property was constructed in 1972. This Class C multifamily property consists of three (3) three-story buildings containing a total of 124 units. Skyview Apartments has a unit breakdown consisting of (49) studio units of approximately 500 square feet, (66) one-bedroom / one bath units of approximately 675 square feet, and (9) two-bedroom / one bath units of approximately 800 square feet. The first floor of each building contains a laundry/utility room with a furnace and water heater in addition to apartments. There is a common entry vestibule in each building that leads to building stairways that access all 3 floors. Apartments are off a main corridor on each floor. The unit floor plans provide a small entry area and kitchen with a dining alcove adjacent to the kitchen and open to the living area.

The subject site has an excellent location with access to the regional highway system. An access point to I-94 is approximately 2.0 miles south of the subject, while I-75 is approximately 3.5 miles to the west. McNichols Road, a major east-west commercial thoroughfare, is immediately adjacent to the property.

The neighborhood surrounding the Property is comprised mainly of single-family residences. The Detroit City Airport is directly west of the site across Conner Street. There are many commercial and industrial enterprises associated with the Detroit City Airport on Conner Street and McNichols Road. There is a BP gas station at the southwest corner of the intersection of Conner Street and McNichols Road immediately adjacent to the Property. North of the site across McNichols Road is the Mt. Olive Cemetery. Additionally, there are nearby retail clusters along Gratiot Avenue and 8 Mile Road. The Property is bound by McNichols Road to the north, Detroit City Airport to the west, Gratiot Avenue to the east, and Conner Street to the south. Additionally, Mount Olivet Cemetery provides a northern boundary as it stretches along Outer Drive.