1155 W McNichols Rd | Detroit, MI 48203
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- LoopNet Team
1155 W McNichols Rd
Detroit, MI 48203
Multifamily Adjacent to Detroit Golf Club · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- 1155 West McNichols Road is a 36-unit multifamily building located just outside Downtown Detroit, boasting 81% occupancy.
- Rare opportunity to acquire a value-add multifamily building in a largely single-family residential community with lease-up potential.
- Detroit's multifamily market is rapidly expanding with a steady stream of new inventory coming to the market, followed by low vacancy and rent growth.
- Excellent location directly adjacent to the Detroit Golf Club, the city's elite country club that hosts the PGA Tour's annual Rocket Mortgage Classic.
- Surrounding area boasts a 2 -mile population of 50,000 residents, almost half of which rent as their primary form of housing.
PROPERTY FACTS
| No. Units | 36 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Building Size | 24,072 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | C | ||
| Zoning | Commercial | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 24,072 SF |
| No. Stories | 3 |
| Year Built | 1924 |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Courtyard
PROPERTY TAXES
| Parcel Number | 43-004-04-0017-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $226,000 |
PROPERTY TAXES
Parcel Number
43-004-04-0017-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$226,000
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