- For Sale $2,487,215
- Property Type Multi-Family
- Property Size 27,841 SF
- Units 31
- Lot Size 3.54 Acre
- Additional Rent Contact for pricing
- Date Updated Dec 10, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- Portfolio size reduced - Homes sold and active sales pending
- Section 8 Portfolio with over $500,000 in CapEx Invested
- 31 scattered single-family homes in Detroit, MI comprising 29 single-family detached homes and a duplex (2 doors)
- Four 2-bedroom and twenty-seven 3-bedroom homes
- Home ages range from 1929 to 1970, with a 1949 average year of construction
- Sizes vary from 692 to 1,098 square feet, averaging 898 square feet per home
- Homes are close to each other as the portfolio spans just two zip codes
- $80,233 per home is significantly below Detroit’s current median home price of $148,000
- Year 1 Stabilized Cap Rate of 10.42%
- Only 3 vacant homes
- Current rent of $1,071 per month is 3% below the market rents of $1,107
- Seller has additional homes available for sale in Metro Detroit
- Seller deploys D.A.W.G. system to deter vandalism and theft during tenant turns
- All SVN® Offices Are Independently Owned & Operated
- Local Broker License Information: www.SFRhub.com/realestatelicensing
False
Contacts
Location
Getting Around
-
Walk Score ®
21/100 Car-Dependent -
Transit Score ®
47/100 Some Transit -
Bike Score ®
53/100 Bikeable
- City Detroit, MI
- Neighborhood Redford
- Zip Code 48239
- Market Detroit
Points of Interest
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Checker Cab #977
2.55 miles
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Warren Avenue
2.80 miles
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Canfield Street
2.83 miles
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Ferry Street
2.84 miles
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Martin Luther King Junior Boulevard
2.89 miles
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Mack Avenue
2.90 miles
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Amsterdam Street
2.92 miles
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Detroit
2.93 miles
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Baltimore Street
2.98 miles
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Sproat Street
3.00 miles
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UF Gas Station
0.47 miles
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AKA Gas & Food Station
0.53 miles
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Marathon
0.56 miles
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Citgo
0.59 miles
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Shell
0.60 miles
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BP
0.62 miles
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Valero
0.99 miles
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Wayne State University - Lot #50
2.21 miles
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Bedrock QLDC 1
2.34 miles
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Bedrock QLDC 2
2.37 miles
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4330 Larkins St Parking
1.01 miles
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Two James Spirits Parking
1.81 miles
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Truck Parking
2.00 miles
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St. Gabriel Parish Parking Lot
2.06 miles
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Lot 30
2.10 miles
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Bagley Mobility Hub
2.21 miles
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Lot 50
2.21 miles
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3000 Trumbull St Garage
2.22 miles
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Lot 40
2.23 miles
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WSU Lot 51
2.35 miles
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Town Motel
1.49 miles
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Rio Grand Motel
1.58 miles
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Pinkinn Motel
1.67 miles
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Hostel Detroit
1.93 miles
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Hotel Yorba
1.96 miles
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Crest Motel
2.19 miles
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The Godfrey Detroit
2.46 miles
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Viking Motel
2.50 miles
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El Moore
2.52 miles
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Trumbell and Porter
2.57 miles
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La Noria Bistrot
0.48 miles
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El Barzon
0.50 miles
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Happy's Pizza
0.56 miles
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Ame Tacos
0.60 miles
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Las Cazuelas
0.60 miles
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Vicki’s BBQ
0.63 miles
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La Fogata Mexican Grill
0.63 miles
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Rincon Tropical
0.73 miles
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Dairy Queen
0.82 miles
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The Telway
0.89 miles
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New Paradigm College Prep
0.25 miles
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Hope of Detroit Academy
0.26 miles
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Hope of Detroit Academy Elementary
0.31 miles
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Voyageur College Prep High School
0.47 miles
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Voyageur Academy
0.48 miles
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West Side Academy of Information Technology and Cyber Security
0.57 miles
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Academy of the Americas Elementary-Middle School
0.75 miles
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Academy of the Americas
0.82 miles
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Cesar Chavez Academy Martin Campus
0.87 miles
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Munger Elementary-Middle School
1.03 miles
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Vista's Nuevas Headstart Gasper Fiore Center
1.30 miles
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Angel Land Child & Parent Center
2.23 miles
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Pencil Palace Daycare & Nursery School
2.65 miles
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Henry Ford Kids Child Care Center
2.75 miles
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Advanced Technology Academy Pre-K & Business Office
2.93 miles
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Midtown KinderCare
3.13 miles
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Kingdom Care Learning Center
3.15 miles
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Once Upon a Time Child World
3.48 miles
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Matrix Headstart
3.60 miles
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Sunnybrook Day Nursery
4.32 miles
Frequently Asked Questions
The space currently listed for sale at 101622 . 31 Home SFR Detroit, MI asks for $2,487,215.
101622 . 31 Home SFR Detroit, MI totals 27,841 square feet.
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