- For Sale $3,816,000
- Property Type Multi-Family
- Property Size 50,000 SF
- Units 53
- Additional Rent Contact for pricing
- Date Updated Oct 10, 2024
• Single-Family Residential portfolio comprised of 53 properties
• Stabilized portfolio – 98% occupied; proforma assumes 5% vacancy
• All properties have Certificates of Compliance (CofC's) - $38,500 spent on certification inspection fees in 2021
• Portfolio comprised of seven (7) 4-bedroom homes, thirty-three (33), 3-bedroom homes, thirteen (13) 2-bedroom homes.
• 50 market-rate tenants + 3 Section 8 tenants provide stable income.
• Professionally-managed and well-maintained portfolio
• Proforma 10% third party management fee provides new owner opportunity increase investor/owner profitability (Fee is included in portfolio operating expenses)
• Excellent opportunity for local portfolio investor/manager/owner
• Approximately $556,500 in repairs, maintenance and improvements in 2020-2022
• Many units at below market rents
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Contacts
Location
Getting Around
-
Walk Score ®
69/100 Somewhat Walkable -
Bike Score ®
47/100 Somewhat Bikeable
- City Detroit, MI
- Neighborhood Brookside - Burton Hollow
- Zip Code 48234
- Market Detroit
Points of Interest
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CDM Transport LLC
9.58 miles
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Mobil
0.98 miles
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Kroger
1.02 miles
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Speedway
1.02 miles
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Sunoco
1.02 miles
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Shell
1.03 miles
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BP
2.09 miles
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Bosch
2.42 miles
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Tesla Supercharger
3.37 miles
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Livonia, MI Supercharger
3.94 miles
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eVgo
5.47 miles
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Parking Lot B
2.26 miles
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Parking Lot A
2.28 miles
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Special Events Parking
2.32 miles
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Caterer & Staff Parking
2.35 miles
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Public Parking
2.49 miles
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East Parking Lot
2.78 miles
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Park Motel of Farmington
2.23 miles
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Grand Tulane Motel
2.38 miles
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Detroit Marriott Livonia
2.42 miles
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Courtyard Detroit Livonia
2.46 miles
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Best Western Livonia
2.60 miles
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Embassy Suites
2.60 miles
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Holiday Inn Detroit Northwest - Livonia, an IHG Hotel
2.62 miles
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TownePlace Suites Detroit Livonia
2.88 miles
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Hyatt Place
2.89 miles
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Fairfield Inn & Suites Detroit Livonia
2.90 miles
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Bigg Burger
0.10 miles
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McDonald's
0.17 miles
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Primo's Pizza
0.20 miles
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G. Subu's Leather Bottle
0.86 miles
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Subway
0.96 miles
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Taco Bell
0.97 miles
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Jimmy John's
0.97 miles
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Leo's Coney Island
0.97 miles
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Papa John's
0.98 miles
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Arby's
1.00 miles
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Webster Elementary
0.59 miles
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St. Paul's Lutheran School
0.60 miles
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Lewis Cass Elementary School
1.42 miles
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Coolidge Elementary School
1.45 miles
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Buchanan Elementary School
1.53 miles
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Niji-Iro Elementary
1.79 miles
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Clarenceville High School
1.94 miles
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Dickinson Junior High School (former)
2.04 miles
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Clarenceville Middle School
2.07 miles
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Visions Unlimited
2.08 miles
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The Learning Tree Child Care Center - North
0.66 miles
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The Learning Experience
2.79 miles
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KinderCare
2.92 miles
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Montessori Center of Our Lady
3.26 miles
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Tutor Time
3.35 miles
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Country Hills Montessori
3.39 miles
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Learning Tree
4.05 miles
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Hooked on Books Childcare
4.72 miles
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Minto's Casa
5.28 miles
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Childtime Learning
5.34 miles
Frequently Asked Questions
How much does Detroit Residential Investment Opportunity cost?
The space currently listed for sale at Detroit Residential Investment Opportunity asks for $3,816,000.
What is the total square footage of Detroit Residential Investment Opportunity?
Detroit Residential Investment Opportunity totals 50,000 square feet.
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Contact Listing Broker
Eric D. Banks Is this you?
Dominion Real Estate Advisors