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Kelly Pointes Apartments 22270 Kelly Rd 10 Unit Apartment Building $915,000 ($91,500/Unit) 8% Cap Rate Eastpointe, MI 48021
INVESTMENT HIGHLIGHTS
- Cash Flow
- Stabilized
EXECUTIVE SUMMARY
Kelly Pointe Apartments is a stabilized 10 unit apartment building located in Eastpointe, MI. The units are all one bedroom one bath, approximately 600 square feet. There is one building total, with one parking space per unit. The property is 100% occupied grossing +$10,000 per month, with an annual gross potential rent of $120,120.
PROPERTY FACTS
| Price | $915,000 | Apartment Style | Low-Rise |
| Price Per Unit | $91,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 8% | Building Size | 8,480 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Zoning | RM1 | ||
| Price | $915,000 |
| Price Per Unit | $91,500 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 8,480 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | RM1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 02-14-32-236-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $307,400 |
PROPERTY TAXES
Parcel Number
02-14-32-236-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$307,400
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Kelly Pointes Apartments | 22270 Kelly Rd
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