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3675 Oakman Blvd 16 Unit Apartment Building $464,900 ($29,056/Unit) Detroit, MI 48204
Investment Highlights
- 16-Units
Executive Summary
16-Unit Multifamily Investment Opportunity! This well-located apartment building features 9 one-bedroom units, approximately 516 sq. ft. each, and 7 studio units, approximately 288 sq. ft. each. Each unit is equipped with its own in-unit furnace and hot water tank, while heat and electric are separately metered for each unit, providing efficient utility management. A common basement laundry room adds convenience for residents. Ideally situated with mass transit directly across the street and surrounded by established multifamily properties, this property offers an attractive opportunity for investors seeking a well-positioned income-producing asset. BATVAI. Sold as is.
Property Facts
| Price | $464,900 | Apartment Style | Mid-Rise |
| Price Per Unit | $29,056 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Sale Condition | REO Sale | Building Size | 9,558 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1929/1930 |
| Property Subtype | Apartment |
| Price | $464,900 |
| Price Per Unit | $29,056 |
| Sale Type | Investment |
| Sale Condition | REO Sale |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,558 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1929/1930 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 16-025186 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $249,800 |
Property Taxes
Parcel Number
16-025186
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$249,800
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3675 Oakman Blvd