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4470-4480 E Outer Dr
Detroit, MI 48234
Multifamily Property For Sale · 18 Units

PROPERTY FACTS

No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.30 AC
Building Size 13,500 SF
Average Occupancy 94%
No. Stories 2
Year Built/Renovated 1956/2016
Parking Ratio 1.33/1,000 SF
Zoning MF

AMENITIES

UNIT AMENITIES

  • Cable Ready
  • Heating
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Dining Room
  • Window Coverings

SITE AMENITIES

  • Laundry Facilities

ABOUT 4470-4480 E OUTER DR , DETROIT, MI 48234

FOR SALE BY OWNER! Brokers and Realtors welcome! Fully occupied and running like clockwork, this well maintained and updated 18-unit apartment complex is fully occupied and sits in a prime location (E. Outer / Van Dyke). Newer windows/doors/roof, renovated catwalk. The building is comprised of large one bedroom units (approx. 650 SqFt each) with contemporary finishings (white kitchens, walls, and light tiled floors) and the units have lots of natural light. Residents have access to the basement laundry facilities (currently operated by coinmatch, profit share of 50% with owner). Ample parking onsite. Superb cashflow. The apartment is located at Van Dyke and East Outer, just three blocks to 8 Mile. CVS pharmacy is across the street. Markets, grocers, cleaners and restaurants all a stone’s throw away. 8 Mile provides easy access to I-94 and I-75, this excellent location adjacent to well established residential neighborhood of single family homes facilitates commutes and enables convenient access to all of Metro Detroit for residents and businesses.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 18 - 650

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-00503-940
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$363,600
  • Listing ID: 11757918

  • Date on Market: 2/28/2018

  • Last Updated:

  • Address: 4470-4480 E Outer Dr, Detroit, MI 48234

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