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Utica Manor 45437 Deshon St 28 Unit Apartment Building $4,620,000 ($165,000/Unit) 6.90% Cap Rate Utica, MI 48317
Executive Summary
? Prime Location: In Utica, bordering Shelby Township and Sterling Heights
? Value-Add Opportunity: 93% occupied w/ 2 vacant units, offering immediate lease-up upside
? At-Will Reset Upside: 13 of 26 leases month-to-month, priced below market
? Spacious 2-Bedroom Layout: Granite countertops, stainless steel appliances, private patio
? Highly Accessible: Direct M-53 corridor access, minutes from Rochester & Detroit
? Value-Add Opportunity: 93% occupied w/ 2 vacant units, offering immediate lease-up upside
? At-Will Reset Upside: 13 of 26 leases month-to-month, priced below market
? Spacious 2-Bedroom Layout: Granite countertops, stainless steel appliances, private patio
? Highly Accessible: Direct M-53 corridor access, minutes from Rochester & Detroit
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Storage Space
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | - | 838 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 11-07-34-302-016 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,086,000 |
Property Taxes
Parcel Number
11-07-34-302-016
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,086,000
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