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129-Unit Detroit Multifamily Portfolio 7 Multifamily Properties Offered at $11,490,000 in Detroit, MI
Investment Highlights
- 80% Section 8 Tenancy - Guaranteed by State of Michigan
Executive Summary
11619 BELLETERRE AVE. | DETROIT, MI 48204
13641 DEXTER AVE. | DETROIT, MI 48238
2630 RICHTON ST. | DETROIT, MI 48206
5075 CHALMERS ST. | DETROIT, MI 48213
11705 ELMDALE ST. | DETROIT, MI 48213
1639 GLENDALE AVE. | DETROIT, MI 48238
8440 BURNETTE ST. | DETROIT, MI 48204
13641 DEXTER AVE. | DETROIT, MI 48238
2630 RICHTON ST. | DETROIT, MI 48206
5075 CHALMERS ST. | DETROIT, MI 48213
11705 ELMDALE ST. | DETROIT, MI 48213
1639 GLENDALE AVE. | DETROIT, MI 48238
8440 BURNETTE ST. | DETROIT, MI 48204
Data Room Click Here to Access
- Offering Memorandum
- Market Information
Property Facts
| Price | $11,490,000 | Number of Properties | 7 |
| Price / SF | $113.15 / SF | Individually For Sale | 0 |
| Cap Rate | 10.15% | Total Building Size | 101,550 SF |
| Sale Type | Investment | Total Land Area | 1.09 AC |
| Status | Active |
| Price | $11,490,000 |
| Price / SF | $113.15 / SF |
| Cap Rate | 10.15% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 101,550 SF |
| Total Land Area | 1.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 13641 Dexter Ave, Detroit, MI 48238 | Multifamily | 39,000 SF | 1928 | - |
| 11619 Belleterre St, Detroit, MI 48204 | Multifamily | 16,000 SF | 1924 | - |
| 2630 Richton St, Detroit, MI 48206 | Multifamily | 12,000 SF | 1929 | - |
| 1639 Glendale St, Detroit, MI 48238 | Multifamily | 10,356 SF | 1915 | - |
| 5075 Chalmers St, Detroit, MI 48213 | Multifamily | 10,194 SF | 1929 | - |
| 11705 Elmdale St, Detroit, MI 48213 | Multifamily | 8,000 SF | 1927 | - |
|
Brunette Apartments
8440 Burnette St, Detroit, MI 48204 |
Multifamily | 6,000 SF | 1927 | - |
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129-Unit Detroit Multifamily Portfolio
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