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2625 Central St
Detroit, MI 48209
Central Apartments · Multifamily Property For Sale
·
32 Units
Property Facts
| No. Units | 32 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 22,224 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1928 |
| Zoning | R3 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 22,224 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R3 |
Amenities
Unit Amenities
- Refrigerator
- Range
Site Amenities
- Property Manager on Site
About 2625 CENTRAL ST , DETROIT, MI 48209
Central Avenue Apartments is located in-between I-94 and I-75 about 2 miles west of Mexicantown. This excellent Detroit location is just minutes from downtown Detroit and within easy access to two major freeways in the area: I-75 and I-94. Central’s 32 units are spread across one low-rise building. The building was built in 1926 and consists of a strategically diversified unit mix of 23, studio units and 9, one-bedroom units. One major attraction for tenants is off-street parking. It is notable for investors that the property has recently undergone some major capex to include a brand new boiler, extensive roof work, and newer windows. The property is outfitted with a Landlord-paid hot-water baseboard heating system and the electric is separately metered and the responsibility of the tenant.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | $450.00 | 420 |
| 1+1 | 9 | $550.00 | 555 |
Property Taxes
| Parcel Number | 20-004932 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $405,400 |
Property Taxes
