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Greenfield Manor 19320 Greenfield Rd 75 Unit Apartment Building $3,300,000 ($44,000/Unit) Detroit, MI 48235
INVESTMENT HIGHLIGHTS
- 50,000 SF apartment building on 2.04 acres
- 74 units: 55 X 1 BR; 19 X 2 BR; 1 X 3 BR
- 2 new boilers; 1 refurbished boiler
- 3 floors
- 2 new roofs
- Sewers fully cleaned
EXECUTIVE SUMMARY
Discover the multifamily investment opportunity at Greenfield Manor, a 50,000 SF property in Detroit, MI. This impressive building features 75 units, creating substantial rental income potential. Zoned PD, it offers flexibility for development or expansion. The property boasts recent updates ensuring efficient operation and reduced maintenance costs. With fully cleaned sewers and new exterior lighting, the property is primed for immediate return on investment. Each unit has a separate electric meter, providing convenience and transparency for both owner and tenants. Don't miss the chance to capitalize on this prime multifamily investment in the thriving Detroit area.
PROPERTY FACTS
| Price | $3,300,000 | Apartment Style | Garden |
| Price Per Unit | $44,000 | Building Class | F |
| Sale Type | Investment | Lot Size | 2.03 AC |
| Sale Condition | High Vacancy Property | Building Size | 50,000 SF |
| No. Units | 75 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Zoning | PD - Planned Development | ||
| Price | $3,300,000 |
| Price Per Unit | $44,000 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | F |
| Lot Size | 2.03 AC |
| Building Size | 50,000 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | PD - Planned Development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 55 | - | 700 |
| 2+1 | 19 | - | 1,160 |
| 3+2 | 1 | - | 2,000 |
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 22-05027-296 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,921,100 |
PROPERTY TAXES
Parcel Number
22-05027-296
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,921,100
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Greenfield Manor | 19320 Greenfield Rd
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