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Kelly Pointes Apartments 23301 Kelly Rd 7 Unit Apartment Building $685,000 ($97,857/Unit) 8% Cap Rate Eastpointe, MI 48021
INVESTMENT HIGHLIGHTS
- Stabilized
- Cash Flow
EXECUTIVE SUMMARY
Kelly Pointe Apartments is a stabilized 7 unit apartment building located in Eastpointe, MI. The units are all one bedroom one bath, approximately 600 square feet with their own separate entrance. There is one buildings total, with one parking space per unit. The property is 100% occupied grossing +$7,000 per month, with an annual gross potential rent of $86,000.
PROPERTY FACTS
| Price | $685,000 | Building Class | C |
| Price Per Unit | $97,857 | Lot Size | 278.00 AC |
| Sale Type | Investment | Building Size | 3,182 SF |
| Cap Rate | 8% | No. Stories | 1 |
| No. Units | 7 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.87/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-1 | ||
| Price | $685,000 |
| Price Per Unit | $97,857 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 278.00 AC |
| Building Size | 3,182 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | RM-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 600 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $901,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$901,400
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Kelly Pointes Apartments | 23301 Kelly Rd
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