21400 W Seven Mile Rd Detroit, MI 48219
64-unit apartment complex with remodeling and property management in place.
Lot size:
2.28 AcresProperty Features for 21400 W Seven Mile Rd
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 2.28 Acres
Building Details
- Year built
- 1955
Source:
Elliman
Listing Agency: KW Central Listing Agent: Justin Zehel
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
64-Unit Apartment Complex For Sale
This is a 64-unit brick apartment complex comprised of 8 connected buildings, situated on a 2.28-acre site. The property features 24 two-bedroom units and 40 one-bedroom units. The location offers curb appeal. The property is 75% occupied. New electrical and plumbing have been completed in the buildings. There are 16 vacant units that need to be rehabbed, while all other units have been remodeled. All units have individual furnaces, with costs paid by tenants. A large parking lot is available for tenants. The property includes a property management office and a property manager is in place. This property is an opportunity for a cash buyer or bank financing. The property can be sold as a package with 3 other apartment complexes.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.253
- Latitude
- 42.4256
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 64-unit apartment complex with remodeling and property management in place.
Where is this apartment building located?
The property is located at 21400 W Seven Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: - 64-unit brick apartment complex with good curb appeal; - High occupancy rate of 75%; - Remodeled units (majority)
