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The Galston 6442-6460 Michigan Ave 36 Unit Apartment Building $2,400,000 ($66,667/Unit) 8.58% Cap Rate Detroit, MI 48210
Investment Highlights
- Public Transportation
- 10 min from Downtown
- Large Units Available -13 3/br
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,400,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $66,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 8.58% | Building Size | 30,625 SF |
| No. Units | 36 | Average Occupancy | 52% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1935/2007 |
| Zoning | B4 | ||
| Price | $2,400,000 |
| Price Per Unit | $66,667 |
| Sale Type | Investment |
| Cap Rate | 8.58% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 30,625 SF |
| Average Occupancy | 52% |
| No. Stories | 4 |
| Year Built/Renovated | 1935/2007 |
| Zoning | B4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | $840.50 | - |
| 2+1 | 7 | $961.00 | - |
| 3+1 | 13 | $1,155 | - |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 18-002457 | Total Assessment | $46,400 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
18-002457
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$46,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Photos
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Map
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Presented by
Strather & Associates, Inc.
The Galston | 6442-6460 Michigan Ave
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