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The Galston 6442-6460 Michigan Ave 31 Unit Apartment Building $2,000,000 ($64,516/Unit) 10.30% Cap Rate Detroit, MI 48210
Investment Highlights
- Public Transportation
- 10 min from Downtown
- Large Units Available -13 3/br
Executive Summary
PRICE REDUCED! Best Offers by 2.18.26
Open House each Saturday 12 noon-2:00 pm
Mixed Use Apartment Building
Please note that the real estate taxes have recently been reduced through arbitration with the Michigan Tax Tribunal and are now approximately $31,000 annually.
Utilities are very minimal, as tenants pay for all utilities, including electric, gas, and hot water. Each unit has its own hot water tank. The unit finishes are considered high-end, with over $100,000 invested in unit improvements, and the property remains in excellent condition.
Equally important is the neighborhood. It is a working-class community, very well-kept, with clean homes and beautifully maintained landscaping. It is a solid, stable area and, in my opinion, makes this property a strong long-term investment.
Please feel free to reach out with any questions or to discuss next steps.
Best regards,
see attached Brochure
Open House each Saturday 12 noon-2:00 pm
Mixed Use Apartment Building
Please note that the real estate taxes have recently been reduced through arbitration with the Michigan Tax Tribunal and are now approximately $31,000 annually.
Utilities are very minimal, as tenants pay for all utilities, including electric, gas, and hot water. Each unit has its own hot water tank. The unit finishes are considered high-end, with over $100,000 invested in unit improvements, and the property remains in excellent condition.
Equally important is the neighborhood. It is a working-class community, very well-kept, with clean homes and beautifully maintained landscaping. It is a solid, stable area and, in my opinion, makes this property a strong long-term investment.
Please feel free to reach out with any questions or to discuss next steps.
Best regards,
see attached Brochure
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
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
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Strather & Associates, Inc.
The Galston | 6442-6460 Michigan Ave
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