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West Park Manor Apartments 7236 Rutland St 186 Unit Apartment Building $11,990,000 ($64,462/Unit) Detroit, MI 48228
Investment Highlights
- 102 units: 1 Bedroom $800
- Enrolled in 15 Year Pilot Program
- 84 units: 2 Bedroom $950
Executive Summary
Introducing West Park Manor Apartments, an exceptional investment opportunity. This SF mid-rise building, comprising 186 units, presents a prime investment in the thriving Detroit area. With its solid construction, this property offers a lucrative investment for a multifamily investor seeking a stable and established asset. The spacious units cater to the demand for comfortable and attractive living spaces, making this property a lucrative addition to any investment portfolio. Don't miss out on the chance to acquire this impressive multifamily asset in the heart of Detroit.
Property Facts
| Price | $11,990,000 | Building Class | C |
| Price Per Unit | $64,462 | Lot Size | 5.84 AC |
| Sale Type | Investment | Building Size | 150,160 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 93% |
| No. Units | 186 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | PD | ||
| Price | $11,990,000 |
| Price Per Unit | $64,462 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 186 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.84 AC |
| Building Size | 150,160 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built/Renovated | 1974/2020 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | PD |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
Site Amenities
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Gated
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 102 | - | 675 - 800 |
| 2+1 | 84 | - | 850 - 963 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 22-06846-381 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,806,400 |
Property Taxes
Parcel Number
22-06846-381
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,806,400
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West Park Manor Apartments | 7236 Rutland St
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