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13700 La Salle Blvd 6 Unit Apartment Building $500,000 ($83,333/Unit) 8.18% Cap Rate Detroit, MI 48238
INVESTMENT HIGHLIGHTS
- Prime Detroit Location - Close to major employers, transit, and retail amenities
- Value-Add Upside - Potential to increase rents through renovations and improved management
- High Demand - Strong rental market with stable occupancy trends
- Attractive Unit Mix - Well-positioned to appeal to a broad tenant base
EXECUTIVE SUMMARY
Prime Detroit Location - Close to major employers, transit, and retail amenities
PROPERTY FACTS
| Price | $500,000 | Building Class | B |
| Price Per Unit | $83,333 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 7,054 SF |
| Cap Rate | 8.18% | Average Occupancy | 50% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | R5 | ||
| Price | $500,000 |
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 7,054 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | R5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 08-010223 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $230,200 |
PROPERTY TAXES
Parcel Number
08-010223
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$230,200
CONTACTS
-
Deno Bistolarides -
Marcel Pearl -
Ryan Vinco -
Encore Real Estate Investment Services
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13700 La Salle Blvd
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