26601 W Carnegie Park Dr | Southfield, MI 48034
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26601 W Carnegie Park Dr
Southfield, MI 48034
Carnegie Park Apartments · Multifamily Property For Sale
·
186 Units
INVESTMENT HIGHLIGHTS
- Call for Offers! March 11, 2022 @ 3:00pm EST
- Close Proximity to Major Thoroughfares: Carnegie Park is conveniently located near I-696, the Lodge (M-10) & Telegraph Road (US-24)
- Accretive Value Add: Carnegie Park is well positioned for the next owner to capitalize on the pristine current condition of the asset
- Southfield rental market exceeds 97.4% occupancy, enabling substantial organic rent growth, 4% in lease turnover from effective rent to market rent
- New Financing: The property is being offered free and clear of existing debt
- Upside Potential: Due to the excellent physical condition, the new owner can take advantage of significant rent premiums
PROPERTY FACTS
| No. Units | 186 | Building Size | 200,000 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1987/2007 |
| Building Class | B | Parking Ratio | 2.08/1,000 SF |
| Lot Size | 13.55 AC | ||
| Zoning | RC, Southfield - Residential | ||
| No. Units | 186 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 13.55 AC |
| Building Size | 200,000 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built/Renovated | 1987/2007 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | RC, Southfield - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Washer/Dryer
- Heating
- Vaulted Ceiling
- Wi-Fi
- Patio
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Sauna
- Spa
- Tennis Court
- Gated
- Elevator
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 62 | - | 1,003 - 1,033 |
| 2+2 | 124 | - | 1,122 - 1,500 |
PROPERTY TAXES
| Parcel Number | 24-18-400-033 | Improvements Assessment | $6,010,370 |
| Land Assessment | $446,710 | Total Assessment | $6,457,080 |
PROPERTY TAXES
Parcel Number
24-18-400-033
Land Assessment
$446,710
Improvements Assessment
$6,010,370
Total Assessment
$6,457,080
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