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19625 Conant
Detroit, MI 48234
Multifamily Property For Sale
·
24 Units
Investment Highlights
- Fully upgraded 24-unit brick apartment complex featuring all private-entry residences with no shared corridors, offering reduced maintenance.
- Secure, fenced parking area providing ample tenant convenience in a well-located Detroit neighborhood with steady rental demand.
- Strong rental performance with units achieving $900 to $1,100 per month, supporting a reported 13 percent cap rate and consistent cash flow.
- Recent improvements include updated interiors and a newer roof, positioning the property for minimal near-term capital needs.
- Diverse unit mix with one two-bedroom apartment and twenty-three one-bedroom units, supplemented by an on-site tenant laundry room
Property Facts
| No. Units | 24 | Lot Size | 0.49 AC |
| Property Type | Multifamily | Building Size | 13,097 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 3.05/1,000 SF |
| Zoning | B4 - Commercial Zoned District | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 13,097 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 3.05/1,000 SF |
| Zoning | B4 - Commercial Zoned District |
Amenities
Unit Amenities
- Air Conditioning
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 09-00853-542 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $311,500 |
Property Taxes
Parcel Number
09-00853-542
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$311,500
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