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Stuart Apartments 228 Inkster Rd 5 Unit Apartment Building $650,000 ($130,000/Unit) Inkster, MI 48141
Executive Summary
Excellent investment opportunity at 228 Inkister Road, Inkister City, featuring a fully occupied 5-unit apartment complex situated on approximately 1 acre of land. All 5 units are currently rented at $650 per month each, generating $3,250 in monthly rental income, with tenants who consistently pay on time and have had no issues. The property also offers significant future development potential, with a survey available showing the possibility of developing up to 30 units, subject to zoning and required approvals. A great opportunity for investors seeking stable rental income today with substantial upside for future expansion.
Property Facts
| Price | $650,000 | Building Class | C |
| Price Per Unit | $130,000 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 3,500 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 2.29/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Residential - 5 residential units | ||
| Price | $650,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 3,500 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 2.29/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Residential - 5 residential units |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 700 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 44-003-01-0319-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $57,900 |
Property Taxes
Parcel Number
44-003-01-0319-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$57,900
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Stuart Apartments | 228 Inkster Rd