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Kelly Pointes Apartments 21440 Kelly Rd 12 Unit Apartment Building $1,150,000 ($95,833/Unit) 8% Cap Rate Eastpointe, MI 48021
Investment Highlights
- Stablized
- Cash Flow
Executive Summary
Kelly Pointe Apartments is a stabilized 12 unit apartment building located in Eastpointe, MI. The property consist of 8 one bedroom one bath and 4 two bedroom one bath units. There is 3 buildings total, with one parking space per unit. The property is 100% occupied grossing +$13,000 per month, with an annual gross potential rent of $156,000.
Property Facts
| Price | $1,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $95,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 8% | Building Size | 9,456 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 2.54/1,000 SF |
| Zoning | APT 10 UNI | ||
| Price | $1,150,000 |
| Price Per Unit | $95,833 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 9,456 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.54/1,000 SF |
| Zoning | APT 10 UNI |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Property Taxes
| Parcel Number | 02-14-32-403-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $382,200 |
Property Taxes
Parcel Number
02-14-32-403-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$382,200
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Kelly Pointes Apartments | 21440 Kelly Rd
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