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72-Home Single Family Rental Portfolio 2 Multifamily Properties Offered at $6,600,000 in Multiple Locations
Executive Summary
High Occupancy: 95% Occupancy Rate
Diverse Locations: Properties Spread in Detroit & Highland Park
Attractive Cap Rate: The Investment Yields 7.40% CAP Rate
Well-Maintained Properties: Significant Capital Improvements, Renovations and Consistent Maintenance Ensuring High Tenant Satisfaction & Retention
Strategic Investment: Offers Investors Stable and Recession-Proof Cash Flow with the Potential for Value Appreciation
Renters Market: Detroit is a Strong Renter’s Market with Approximately 54% of Households Renting
Detroit Attractions: Near Key Attractions Like the Detroit Institute of Arts, Motown Museum, Belle Isle Park, Ford Field, Little Caesar’s Arena, Detroit Riverwalk, Wayne State and Detroit Mercy Universities, & many Corporate Headquarters.
Diverse Locations: Properties Spread in Detroit & Highland Park
Attractive Cap Rate: The Investment Yields 7.40% CAP Rate
Well-Maintained Properties: Significant Capital Improvements, Renovations and Consistent Maintenance Ensuring High Tenant Satisfaction & Retention
Strategic Investment: Offers Investors Stable and Recession-Proof Cash Flow with the Potential for Value Appreciation
Renters Market: Detroit is a Strong Renter’s Market with Approximately 54% of Households Renting
Detroit Attractions: Near Key Attractions Like the Detroit Institute of Arts, Motown Museum, Belle Isle Park, Ford Field, Little Caesar’s Arena, Detroit Riverwalk, Wayne State and Detroit Mercy Universities, & many Corporate Headquarters.
Property Facts
| Price | $6,600,000 | Number of Properties | 2 |
| Price / SF | $2,990 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,207 SF |
| Status | Active | Total Land Area | 0.16 AC |
| Price | $6,600,000 |
| Price / SF | $2,990 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,207 SF |
| Total Land Area | 0.16 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 15466 Mark Twain St, Detroit, MI 48227 | Multifamily | 1,098 SF | 1951 | - |
| 38 E Savannah St, Highland Park, MI 48203 | Multifamily | 1,109 SF | 1916 | - |
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72-Home Single Family Rental Portfolio
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