- For Sale $4,400,000
- Property Type Multi-Family
- Property Size 62,503 SF
- Units 54
- Lot Size 5.93 Acre
- Additional Rent Contact for pricing
- Year Built 1940
- Date Updated Jun 24, 2024
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Highlights
- The portfolio includes 52 single-family detached homes and one duplex
- The average home is 1,157 square feet
- Mix of two-, three-, four- and five-bedroom homes
- Homes were built between 1919 and 1963, with an average vintage of 1940
- The portfolio is managed by a local professional property management company
- 98% leased to fully vetted tenants
- There are 38 Section 8 tenants in the portfolio
- Average monthly rental rate of $866
- Rents are 10% below monthly market rents
- Year 1 stabilized cap rate of 9.28%
- Year 1 stabilized yield of 16.77%
- Average asking price of $81,481
- The asking price is 90% below the current median home price in Wayne County
- All SVN® Offices Independently Owned & Operated
- Local Broker License Information: www.SFRhub.com/realestatelicensing
False
Contacts
Location
Getting Around
-
Walk Score ®
51/100 Somewhat Walkable -
Transit Score ®
43/100 Some Transit -
Bike Score ®
40/100 Somewhat Bikeable
- City Detroit, MI
- Neighborhood Brooks
- Zip Code 48227
- Market Detroit
Points of Interest
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CDM Transport LLC
2.66 miles
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Walnut Grove Station
5.14 miles
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Smith's Creek Depot Station
5.19 miles
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Dearborn
5.33 miles
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Firestone Station
5.40 miles
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Grand Boulevard
6.34 miles
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Baltimore Street
6.41 miles
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Detroit
6.41 miles
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Amsterdam Street
6.52 miles
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Ferry Street
6.74 miles
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Sunoco
0.33 miles
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Marathon
0.42 miles
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Clark
0.56 miles
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Citgo
0.56 miles
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Zoom
0.66 miles
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Exxon
0.84 miles
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BP
1.00 miles
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Rhombus Energy Solutions
4.93 miles
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Tesla Supercharger
6.12 miles
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Detroit Pistons Performance Center
6.21 miles
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MRC parking lot
2.72 miles
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Parking Lot G
3.13 miles
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Vistor Parking Lot A
3.17 miles
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Vistor Parking Lot B
3.20 miles
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Parking Lot C
3.26 miles
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Parking Lot E
3.28 miles
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Parking Lot D
3.30 miles
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Paid Parking
3.42 miles
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Student / Vistor Parking Lot B
3.68 miles
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Holiday Inn Express & Suites
3.13 miles
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SpringHill Suites Detroit Dearborn
3.17 miles
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Residence Inn Detroit Dearborn
3.22 miles
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TownePlace Suites Detroit Dearborn
3.24 miles
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Park Drive Motel
3.32 miles
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Royal Budget Inn
3.34 miles
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Doubletree by Hilton Hotel Detroit-Dearborn
3.44 miles
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Hawthorn Suites By Wyndham Dearborn
3.45 miles
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Courtyard Detroit Dearborn
3.72 miles
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Riviera Motel Detroit
3.76 miles
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Checkers
0.39 miles
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McDonald's
0.45 miles
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Lola Mae's Bistro & Bar
0.59 miles
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Lavish Bar & Grill
0.75 miles
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Omega Coney Island
0.91 miles
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Church's Chicken
0.95 miles
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Chita's Nefertiti Bar
1.17 miles
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Popeyes
1.29 miles
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White Castle
1.40 miles
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Wendy's
1.65 miles
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Dossin Elementary-Middle School
0.76 miles
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Academy of Oak Park-Whitcomb
0.85 miles
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Hazel Park Empowerment West Alternative School
0.92 miles
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Joan Ann Bullock Academy
0.92 miles
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Temple of Faith Baptist School
1.04 miles
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Burns Elementary-Middle School
1.08 miles
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Henderson Academy
1.08 miles
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Breithaupt Career and Technical Center
1.18 miles
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Detroit Innovation Academy
1.23 miles
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Saint Mary of Redford Elementary School
1.37 miles
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Allen Baptist Childcare & Development Center
0.89 miles
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Hampton Church Child Care Center
1.60 miles
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Children's Village International Center
1.99 miles
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Sunnybrook Day Nursery
2.07 miles
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Kidz Kingdom
2.09 miles
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New West Side Head Start
2.19 miles
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Tott's Early Learning Center
2.23 miles
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Pencil Palace Daycare & Nursery School
2.51 miles
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Academy of Detroit-West
2.66 miles
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Village of Shiny Stars Child Care Center
2.78 miles
Frequently Asked Questions
How much does 101267 . 54 Home SFR Detroit, MI cost?
The space currently listed for sale at 101267 . 54 Home SFR Detroit, MI asks for $4,400,000.
What is the total square footage of 101267 . 54 Home SFR Detroit, MI?
101267 . 54 Home SFR Detroit, MI totals 62,503 square feet.
When was this property built?
101267 . 54 Home SFR Detroit, MI was built in 1940.
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Contact Listing Broker
Tim Orscheln
SVN | SFRhub Marketplace