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18230 Weaver St
Detroit, MI 48228
Westside Apartments - 20 Units · Multifamily Property For Sale
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20 Units
Property Facts
| No. Units | 20 | Lot Size | 0.89 AC |
| Property Type | Multifamily | Building Size | 11,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1969/2015 |
| Building Class | B | Parking Ratio | 1.81/1,000 SF |
| Zoning | CM | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.89 AC |
| Building Size | 11,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1969/2015 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | CM |
Amenities
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
- Carpet
- Double Pane Windows
About 18230 WEAVER ST , DETROIT, MI 48228
INVESTOR SPECIAL!!! This is the only building of its kind!! Fully renovated in 2015, fully occupied until Jan 2018 when building changed management and evicted tenants. Units have individual furnaces and electric water heater and all utilities metered off to tenant. Landlord only pays for water. Building sold As-Is’ and currently vacant since Jan 2018. Owner has relocated out of state and is selling his Michigan property portfolio. This building is a bonafide cash cow!! Attached is a video of property from 2016. BACKGROUND: The basement was flooded because of a storm water backup issue, which damaged the basement units. As the flood was not addressed swiftly by the management company at the time this led to sustained damage. This led the removing the the remaining tenants so the owner could rehab the building, however the owner decided against pursuing the project and wishes to sell as-is. The owner has fixed the issue with the city of Detroit and it is now fully resolved. This 20 unit apartment building consisting of 20 x 1 bed / 1 bath. 12 units are vacant need some minor update and 8 studio units need rehab. The building consists of 3 storeys. First and second storeys have 12 units a further 8 units need full rehab and all located on the lower floor. The building is located off Southfield Fwy in the Franklin Park neighbourhood in North West Detroit.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $575.00 | 500 - 750 |
Property Taxes
| Parcel Number | 22-06825-561 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $506,800 |
Property Taxes
