- For Sale $2,876,400
- Property Type Multi-Family
- Property Size 32,074 SF
- Units 36
- Lot Size 4.11 Acre
- Additional Rent Contact for pricing
- Date Updated Sep 6, 2024
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Highlights
- Portfolio size reduced - Homes sold and active sales pending
- Section 8 Portfolio with over $500,000 in CapEx Invested
- 36 scattered single-family homes in Detroit, MI comprising 34 single-family detached homes and a duplex (2 doors)
- Five 2-bedroom and thirty-one 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 891 square feet per home
- Homes are close to each other as the portfolio spans just two zip codes
- $79,900 per home is significantly below Detroit’s current median home price of $148,000
- Year 1 Stabilized Cap Rate of 10.49%
- Nine vacant homes for an investor to achieve market rents
- The current rent of $1,023 per month is 8% below the market rent of $1,109
- The 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
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Contacts
Location
Getting Around
-
Walk Score ®
20/100 Car-Dependent -
Bike Score ®
31/100 Somewhat Bikeable
- City Detroit, MI
- Neighborhood Redford
- Zip Code 48239
- Market Detroit
Points of Interest
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Dearborn
5.68 miles
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CDM Transport LLC
5.79 miles
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Smith's Creek Depot Station
5.82 miles
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Firestone Station
5.91 miles
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Walnut Grove Station
6.00 miles
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BP
0.62 miles
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Sunoco
0.68 miles
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Marathon
0.73 miles
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Exxon
0.80 miles
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Mobil
1.18 miles
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Valero
1.41 miles
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Livonia, MI Supercharger
2.12 miles
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Charging Station at Westland City Hall
6.27 miles
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Bosch
7.09 miles
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Rhombus Energy Solutions
7.18 miles
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Vistor Parking Lot B
4.38 miles
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Vistor Parking Lot A
4.39 miles
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Parking Lot C
4.43 miles
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Parking Lot D
4.45 miles
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Parking Lot G
4.51 miles
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Parking Lot E
4.51 miles
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OHM Advisors Parking Lot
4.67 miles
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Monteith Parking Structure
4.83 miles
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Paid Parking
4.88 miles
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Oak Grove Trailhead Parking Lot
4.99 miles
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Hilltop Motel
1.00 miles
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Inn America
1.01 miles
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Holiday Inn Express & Suites Detroit Northwest
1.42 miles
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Royal Budget Inn
1.44 miles
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Park Drive Motel
1.46 miles
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Hampton Inn Livonia Detroit
1.94 miles
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Americas Best Value Inn Livonia Detroit
1.95 miles
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Comfort Inn
2.24 miles
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Quality Inn & Suites
2.92 miles
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Riviera Motel Detroit
3.11 miles
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McDonald's
0.67 miles
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White Castle
0.73 miles
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Fish and Chicken
0.74 miles
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Tubby's
0.79 miles
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Popeyes
0.93 miles
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Taco Bell
0.95 miles
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Arby's
1.15 miles
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Uncle Bones BBQ
1.23 miles
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Happy's Pizza
1.23 miles
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Cottage Inn Pizza
1.23 miles
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St. John XXIII Catholic Parish
0.42 miles
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Will Rogers Elementary School (closed)
0.42 miles
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Thurston High School
0.68 miles
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Jane Adams Elementary School
0.82 miles
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Fisher Elementary School
0.84 miles
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Washington-Parks Academy
0.89 miles
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Far West Early Learning Center
0.98 miles
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Detroit Leadership Academy Elementary School
0.98 miles
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Pierce Middle School
1.01 miles
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Saint Hilary's School (closed)
1.07 miles
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Helping Hands child care
1.31 miles
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Hooked on Books Childcare
2.43 miles
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Village of Shiny Stars Child Care Center
2.73 miles
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Tott's Early Learning Center
2.81 miles
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New West Side Head Start
2.86 miles
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Old Redford Pre-Kindergarten Academy
2.93 miles
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Kidz Kingdom
3.62 miles
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God's Little Schoolhouse
3.93 miles
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Allen Baptist Childcare & Development Center
3.93 miles
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Learning Tree
4.22 miles
Frequently Asked Questions
How much does 101622 . 36 Home SFR Detroit, MI cost?
The space currently listed for sale at 101622 . 36 Home SFR Detroit, MI asks for $2,876,400.
What is the total square footage of 101622 . 36 Home SFR Detroit, MI?
101622 . 36 Home SFR Detroit, MI totals 32,074 square feet.
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Contact Listing Broker
Tom Johnston
SVN | SFRhub Marketplace