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5918 Saint Antoine St
Detroit, MI 48202
Elaine Lofts · Multifamily Property For Sale
·
25 Units
Investment Highlights
- - Property received a full gut rehab completed in 2020-2021, including premium condo finishes
- - Surrounded by several million dollars of planned future developments
- - The expected growth in student enrollment should help drive demand in the area
- - Property has an OPRA tax abatement that was put in place in 2020 and lasts through 2032
- - Located in Medbury Park which is directly adjacent to the Midtown and Tech Town neighborhoods
- - New ownership, based upon area rent comps, can raise rents up to $114 / unit
Property Facts
| No. Units | 25 | Building Size | 21,072 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1912/2020 |
| Building Class | B | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | M3 | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 21,072 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1912/2020 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | M3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,350 | 400 |
| 1+1 | 5 | $1,560 | 550 - 850 |
| 2+1 | 18 | $1,710 | 775 - 900 |
| 2+2 | 1 | $5,000 | 1,600 |
Property Taxes
| Parcel Number | 03-001687 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $55,000 |
Property Taxes
Parcel Number
03-001687
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$55,000
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