| Detroit, MI
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- LoopNet Team
Portfolio For Sale
Detroit, MI
Multifamily Property For Sale
·
49 Units
INVESTMENT HIGHLIGHTS
- Ownership is in the process of obtaining a PILOT which not only solves for any tax exposure, it will actually reduce current taxes by ~$100K.
- Both organic rent growth and rental premiums through strategic renovations will be possible for years to come.
- Additional upside is available through the implementation of a RUBS program which will help offset the significant Utility Expenses.
- New developments such as the Shepherd, Stanton Yards, and Collect, are attracting new renters and pushing demand in the immediate neighborhood.
- Beztak took over management in October and has made significant strides as it relates to occupancy and collections.
PROPERTY FACTS
| No. Units | 49 | Property Type | Multifamily |
| No. Units | 49 |
| Property Type | Multifamily |
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