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19199 Lahser Rd 18 Unit Apartment Building $900,000 ($50,000/Unit) 11% Cap Rate Detroit, MI 48219
Executive Summary
Renovated low rise garden style 18-unit brick apartment complex (secure entrance from parking lot out to courtyard) with 12 one/one and 6 two/one units situated on a 15,842 sf site! Great curb appeal. Leases include some Section 8, 100% occupied!! Boiler, roof and windows updated, nice size parking lot for tenants. Property manager in place or self-manage. Ideal opportunity for cash buyer or bank financing. This property has been city certified.
Property Facts
| Price | $900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $50,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 11% | Building Size | 16,061 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Price | $900,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| Cap Rate | 11% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 16,061 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $909,300 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$909,300
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19199 Lahser Rd
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