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    19625 Conant St Detroit, MI 48234

    For Sale
    $1,185,000

    Brick apartment complex with updated units and high rental income.

    Lot size:
    0.49 Acres

    Property Features for 19625 Conant St

    General Information

    Lot size
    0.49 Acres

    Building Details

    Year built
    1958

    Source: Keller Williams Paint Creek Agent Justin Zehel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    24-Unit Apartment Complex Investment

    This brick apartment complex features 24 units, offering a mix of residential options. The property includes one 2-bedroom, 1-bath unit and twenty-three 1-bedroom, 1-bath units, all with private entrances and no common areas. A laundry room is available for tenant use. The complex has a newer roof and utilizes electric baseboard heat, eliminating the need for a boiler. The units have been updated and are reported to be in great condition. A large, fenced-in parking lot is included. The property is located in a prime location and is intended for use as an apartment complex. The property is presented as an investment opportunity with potential for long-term growth and minimal immediate maintenance.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0777842
    Latitude
    42.4380963

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    FAQs

    What type of property is this?
    Apartment building - Brick apartment complex with updated units and high rental income.
    Where is this apartment building located?
    The property is located at 19625 Conant St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,185,000.
    What are key features of this property?
    This property features: - High Income Potential: Achieve $900-$1100 monthly rents with a 15% cap rate and great cash flow.; - 24 Units with Private Entrances: Offering tenant privacy and reduced management concerns with no common areas.; - Updated Units in Great Condition: Attracts quality tenants and minimizes immediate maintenance.
    (248) 979-3466
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    19625 Conant St Detroit, MI 48234
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    Detroit, MI 48234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19625 Conant St Detroit, MI 48234
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