Renovated 12-Unit Apartment
For Sale
Contact for pricing
Pending
939 James St, Wyandotte, MI 48192
12-unit apartment building with recent improvements, majority unit renovations, and a resurfaced parking lot.
Property SizeContact for details
Days on Market46
Property Features for 939 James St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Building Details
Year Renovated
2022
Tenancy
Multi
Listing Agency:
Berkshire Hathaway Commercial Division Kee Realty
Listed By:
Craig Gonzalez · License #MI 6501281680
Source:
Crexi
Added: Jul 21
Changed: Sep 3
Last Checked: Sep 3 at 3:41AM
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 Berkshire Hathaway Commercial Division Kee Realty
Investment Insights
Based on property information with market context.
This 12-unit apartment building is presented as a complete package for an owner/investor. The property has a completed Certificate of Occupancy dated 11/30/22. In 2022, the owner put $50,000 into improvements. Per the seller’s remarks, the majority of the units have been renovated with new cabinets and countertops, and the parking lot has been resurfaced. The property is managed by a third party, and the remarks note the current management is not operating efficiently.
The building is located at 939 James St in Wyandotte, MI in an established area. The seller states rents are under the market average, citing $680 per month versus $800 per month at market rates. The remarks also indicate long leases and a stable rental market.
As currently presented, this multifamily asset combines recent updates with an existing in-place rental profile across all 12 units.
The building is located at 939 James St in Wyandotte, MI in an established area. The seller states rents are under the market average, citing $680 per month versus $800 per month at market rates. The remarks also indicate long leases and a stable rental market.
As currently presented, this multifamily asset combines recent updates with an existing in-place rental profile across all 12 units.
Key Highlights
- 12‑unit apartment building with completed Certificate of Occupancy dated 11/30/22
- Owner invested $50,000 in improvements in 2022
- Majority of the 12 units renovated with new cabinets and countertops
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 48192, MI
25,058
Population
11,441
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
4,728
Density / Sq Mi
$67,846
Median Household Income
$42,999
Median Earnings
$995
Median Rent
$159,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit apartment building with recent improvements, majority unit renovations, and a resurfaced parking lot.
Where is this apartment building located?
The property is located at 939 James St Wyandotte, MI.
What are key features of this property?
This property features: 12‑unit apartment building with completed Certificate of Occupancy dated 11/30/22; Owner invested $50,000 in improvements in 2022; Majority of the 12 units renovated with new cabinets and countertops
