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9455 Chalmers St 16 Unit Apartment Building $624,000 ($39,000/Unit) 11.25% Cap Rate Detroit, MI 48213
EXECUTIVE SUMMARY
9455 Chalmers Street is a well-maintained, 16-unit apartment building in the Jefferson Chalmers neighborhood on Detroit’s East Side. All units are 1-bedroom, 1-bathroom with expansive layouts, and abundant natural light. With strong occupancy rates and sustained demand for quality housing in Detroit’s East side, this offers an investment opportunity for someone seeking stable cash flow and option to capitalize on untapped potential through property enhancements. Property tours will be Thursday, Oct 30th at 3:00 PM
PROPERTY FACTS
| Price | $624,000 | Apartment Style | Low-Rise |
| Price Per Unit | $39,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 11.25% | Building Size | 11,565 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | ||
| Zoning | Commercial - Commercial Zoned District | ||
| Price | $624,000 |
| Price Per Unit | $39,000 |
| Sale Type | Investment |
| Cap Rate | 11.25% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 11,565 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Zoning | Commercial - Commercial Zoned District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 21-0558637 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $325,900 |
PROPERTY TAXES
Parcel Number
21-0558637
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$325,900
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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9455 Chalmers St
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