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Grosse Pointe Woods Apartment Buildings for Sale
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FAQs about Apartment Buildings for Sale in Grosse Pointe Woods
How many Apartment Building listings are available for sale in Grosse Pointe Woods?
Currently, there are 2 Apartment Building listings for sale near Grosse Pointe Woods, MI. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Grosse Pointe Woods?
The average price per square foot for Grosse Pointe Woods apartment buildings for sale is about $174.
When available, the price of these buildings in Grosse Pointe Woods, MI varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in Grosse Pointe Woods, MI varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Grosse Pointe Woods?
The average size of apartment buildings for sale in Grosse Pointe Woods, MI is approximately 31,446 SF. The largest building available is 59,527 SF and the smallest is 3,365 SF.
What is the average cap rate for Multi-family Properties in Grosse Pointe Woods?
Cap rates for apartment buildings in Grosse Pointe Woods, MI typically range between 13.00% and 15.00%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Grosse Pointe Woods?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Grosse Pointe Woods, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Grosse Pointe Woods, MI.
Depending on the location within the city of Grosse Pointe Woods, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Grosse Pointe Woods, MI.
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