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Browse More Listings in Multifamily For Sale, Detroit, MI or Michigan

Multifamily Property For Sale

Orrington Apartments

459 Prentis, Detroit, MI 48201

Price:
$1,415,000
No. Units:
55
Building Size:
40,000 SF
Price/Unit:
$25,727.27
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
10.50%
Occupancy:
96%
Find Out More...

Last Verified 10/21/2009 Listing ID 16441110

Description

55 unit fully renovated student apartment building adjacent to Wayne State University. Off street parking for 30+plus cars.

Midtown Detroit...adjacent to Wayne State University.

Financial Summary

Actual
Net Operating Income
$148,575

Map of 459 Prentis, Detroit, MI 48201 (Wayne County)

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Presented by

Detroit Pioneer, LLC

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Contact Listing Broker

Raymond Debates (586) 322-0201

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Created 10/21/2009

Additional Information for 459 Prentis Street, Detroit, MI 48201

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Orrington Apartments

459 Prentis, Detroit, MI, 48201