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$ 2,500,000
Est. payment /mo
New
19143 Berg RD Detroit, MI 48219
64 Beds
48 Baths
39,816 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 39,816 sqft
Price per Sqft $62
Subdivision More Than One Legal Involved
MLS Listing ID 58050220594
Bedrooms 64
Full Baths 40
Half Baths 8
Year Built 1963
Lot Size 1.260 Acres
Acres 1.26
Property Sub-Type MultiFamily
Property Description
Excellent investment opportunity featuring a 40-unit apartment complex consisting of two buildings on one lot. The property offers a desirable unit mix of 16 one-bedroom/one-bath units, 16 two-bedroom/one-bath units, and 8 townhouse-style two-bedroom/1.5-bath units. Currently 98% occupied with only one vacancy, providing strong occupancy and consistent rental income. Both building boilers were replaced last winter. Roofs are in solid condition and windows are well maintained. The property offers an attractive 10% cap rate and is situated in a prime location.
Location
State MI
County Wayne
Area Area05032Det6To8Grnfldtolimits
Interior
Heating Natural Gas, Separate Meters, Steam
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Justin Zehel of Keller Williams Paint Creek