8200 E JEFFERSON Avenue 90-808, Detroit, MI 48214
Updated condo with Detroit River views, near downtown attractions.
- Added:
- Sep 11, 2024
- Days on Market:
- 666
- Last Refresh:
- Apr 6 at 12:27 am
Property Features for 8200 E JEFFERSON Avenue 90-808
General Information
- Standard status
- Active
- Size
- 816 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1966
Listing office Irongate Realty Group (248) 971-1222
Listing date Sep 11, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Irongate Realty Group
HighLights
- Waterfront condo with Detroit River view.
- Penthouse unit with spacious layout.
- Updated condition.
- Close proximity to Belle Isle.
- Near Aretha Franklin Amphitheater and River Walk.
- Convenient access to Downtown restaurants and activities.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.6k | $20.40 |
| − Vacancy | −$1.1k | −$1.33 |
| EGI | $15.6k | $19.07 |
| − OpEx | −$7.0k | −$8.58 |
| NOI | $8.6k | $10.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.992392
- Latitude
- 42.352935
