East Side Investment
For Sale
$350,000
13521 E McNichols Road, Detroit, MI 48205
Seven-unit brick apartment complex on Detroit's East Side.
Property Size3,140 SF
Lot Size0.14 Acres
Days on Market196
Property Features for 13521 E McNichols Road
General Information
Standard status
Active
Size
3,140 SF
Lot size
0.14 Acres
Property subtype
Multi-Family
Amenities
Natural Gas
Separate Meters
Steam
Building Details
Building Size
3,140 SF
Year Built
1953
Listing Agency:
Keller Williams Paint Creek
(248) 979-3466
Listed By:
Justin Zehel · License #MI
(248) 979-3466
Source:
Kw
Added: Feb 6
Changed: Aug 21
Last Checked: Aug 20 at 7:28PM
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 Keller Williams Paint Creek
Investment Insights
Based on property information with market context.
This is a seven-unit brick ranch-style apartment complex located on the East Side. The property is positioned right off of Gratiot. The roof is reported to be in great condition. Plumbing and electric systems are new and updated. All units have been remodeled, and the windows have been updated to vinyl. The property generates a monthly rental income of $5,500 plus per month.
Key Highlights
- High Cash Flow: $5500+ monthly rents indicate strong income potential.
- Excellent Investment Opportunity: 10%+ capitalization rate suggests a profitable investment.
- Recently Remodeled Units: All 7 units have been remodeled, increasing appeal to tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit brick apartment complex on Detroit's East Side.
Where is this apartment building located?
The property is located at 13521 E McNichols Road Detroit, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High Cash Flow: $5500+ monthly rents indicate strong income potential.; Excellent Investment Opportunity: 10%+ capitalization rate suggests a profitable investment.; Recently Remodeled Units: All 7 units have been remodeled, increasing appeal to tenants.
