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About the Listing 16575 - 6501397844
Excellent investment opportunity featuring a 40-unit apartment complex consisting of two buildings on one lot. The property offers a desirable unit mix of 16 one-bedroom/one-bath units, 16 two-bedroom/one-bath units, and 8 townhouse-style two-bedroom/1.5-bath units. Currently 98% occupied with only one vacancy, providing strong occupancy and consistent rental income. Both building boilers were replaced last winter. Roofs are in solid condition and windows are well maintained. The property offers an attractive 10% cap rate and is situated in a prime location.
Listing Highlights
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
50220594
Year Built
1963
Total Square Footage
39,816
Lot/Acreage
1.26
County
Wayne
Neighborhood
More Than One Legal Involved
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 64
- Bathrooms: 40 Full / 8 Half
- Appliances:
- Air Cond:
- Heating: Boiler
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 39816
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 54866
- Roof:
- Others:
- Sewer: Public Sanitary
Financial Details
- Tax Amount: $37,391
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
19143 Berg Detroit, MI 48219
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