40-Unit Apartment
For Sale
$2,500,000
19143 Berg Rd, Detroit, MI 48219
Two-building multifamily property with varied unit layouts and strong current occupancy.
Property Size39,816 SF
Days on Market9
Property Features for 19143 Berg Rd
General Information
Standard status
Active
Size
39,816 SF
Property subtype
Investment
Occupancy
98%
Units
Unit Mix
16 x 1BR/1BA, 16 x 2BR/1BA, 8 x 2BR/1.5BA
Multifamily Units
40
Additional Details
Cap Rate
10%
Taxes and HOA fees
Annual Taxes
$37,391
Building Details
Building Size
39,816 SF
Year Built
1963
Buildings
2
Units
40
Listing Agency:
Keller Williams Paint Creek
Listed By:
Justin Zehel · License #6501397844
(248) 979-3466
Source:
Elliman
Added: Sep 4
Last Checked: Sep 12 at 8:14AM
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 40-unit apartment complex comprises two buildings on one lot, with a mix of 16 one-bedroom, one-bath apartments; 16 two-bedroom, one-bath apartments; and 8 townhouse-style units with two bedrooms and 1.5 baths. The property was built in 1963 and is currently 98% occupied, with one vacancy reported. Both building boilers were replaced last winter, while the roofs are described as being in solid condition and the windows are well maintained.
Located at 19143 Berg Rd in Detroit, Michigan, the property has a Walk Score of 68, a Transit Score of 52, and a Bike Score of 48. The reported 10% cap rate and current occupancy provide additional operating metrics for review.
Located at 19143 Berg Rd in Detroit, Michigan, the property has a Walk Score of 68, a Transit Score of 52, and a Bike Score of 48. The reported 10% cap rate and current occupancy provide additional operating metrics for review.
Key Highlights
- 40‑unit apartment complex with two buildings on one lot
- Unit mix includes 16 one‑bedroom, one‑bath units
- 16 two‑bedroom, one‑bath units plus 8 townhouse‑style two‑bedroom, 1.5‑bath units
Property Analytics
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Current Use
Lease Details
40
Residential units
98%
Occupancy
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily property with varied unit layouts and strong current occupancy.
Where is this apartment building located?
The property is located at 19143 Berg Rd Detroit, MI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 40‑unit apartment complex with two buildings on one lot; Unit mix includes 16 one‑bedroom, one‑bath units; 16 two‑bedroom, one‑bath units plus 8 townhouse‑style two‑bedroom, 1.5‑bath units
