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5701-5707 Woodward St 16 Unit Apartment Building $1,557,000 ($97,313/Unit) Wayne, MI 48184
Executive Summary
Rare opportunity to own two apartment buildings. This amazing investment consists of two separate apartment buildings. Building one is a brick two story, consisting of eight, two bedroom units, private patios with sliding doors, and with central laundry room with paid laundry that generates additional income. Building two consisting of eight one bedroom units, with central laundry room. A grand total of 16 apartment units. Private parking lot with assigned spaces. Seasoned and strong rent roll for both buildings with full occupancy. All units are rented at market value with great paying long term tenants. Most of the units have been recently updated. Large center common area for both units. Both buildings are fully city certified and ready for transfer.disturb tenants. Showings will be scheduled only upon accepted offer. BATVAI
Property Facts
| Price | $1,557,000 | Building Class | C |
| Price Per Unit | $97,313 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 12,386 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Low-Rise | Parking Ratio | 1.94/1,000 SF |
| Zoning | Multi Family - Multi Family | ||
| Price | $1,557,000 |
| Price Per Unit | $97,313 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 12,386 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | Multi Family - Multi Family |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $386,900 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$386,900
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5701-5707 Woodward St