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Redford Apartments 24311 Plymouth Rd 17 Unit Apartment Building $950,000 ($55,882/Unit) 9.11% Cap Rate Redford, MI 48239
INVESTMENT HIGHLIGHTS
- Most units updated
- $55k a door
EXECUTIVE SUMMARY
17 unit at 55k a door. Most of the photos are in OM.
Current ownership has renovated 13 of 17 the units with new LVP flooring, kitchens, baths, paint, lights, doors, appliances and trim.
Exteriors have been repainted grey with white trim in 2023. Roofs were replaced on 5 of the 8 buildings in 2023.
New furnaces for units 9&10 and hot water tanks for units 1, 12, 14, 15, 16, 17, and 18. Electrical was updated in 2023 with GFCI.
Exterior landscaping was refreshed and trees removed in 2023. Parking lot was seal coated and striped in 2023. New concrete walks in 2022
Current ownership has renovated 13 of 17 the units with new LVP flooring, kitchens, baths, paint, lights, doors, appliances and trim.
Exteriors have been repainted grey with white trim in 2023. Roofs were replaced on 5 of the 8 buildings in 2023.
New furnaces for units 9&10 and hot water tanks for units 1, 12, 14, 15, 16, 17, and 18. Electrical was updated in 2023 with GFCI.
Exterior landscaping was refreshed and trees removed in 2023. Parking lot was seal coated and striped in 2023. New concrete walks in 2022
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | - | - |
| 1+1 | 3 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 79-045-01-0320-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $63,300 |
PROPERTY TAXES
Parcel Number
79-045-01-0320-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$63,300
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Eartly Equity
Redford Apartments | 24311 Plymouth Rd
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