25911 Michigan AVE, Inkster, MI 48141
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25911 Michigan AVE, Inkster, MI 48141
25911 Michigan AVE, Inkster, MI 48141
25911 Michigan AVE, Inkster, MI 48141
25911 Michigan AVE, Inkster, MI 48141
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$ 3,010,000
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25911 Michigan AVE Inkster, MI 48141

34 Baths

22,550 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 22,550 sqft

Price per Sqft $133

Subdivision Lot 8 Sub Of Ne 1/4 & E 1/2 Of Nw 1/4 Of Sec 30

MLS Listing ID 20261082965

Style Other

Full Baths 32

Half Baths 2

Year Built 1960

Lot Size 0.880 Acres

Acres 0.88

Property Sub-Type MultiFamily

Property Description

AVENUE APARTMENTS | PREMIER 32-UNIT MULTIFAMILY INVESTMENT | 100% OCCUPANCY. Thirty-two unit, fully occupied multifamily investment on the Michigan Avenue corridor in Inkster. Repositioned in 2024 through a comprehensive, down-to-the-studs renovation of the interiors and exterior, including a new roof, windows, interior rehabilitation, complete exterior modernization, and substantial capital improvements throughout the building. Operating at full occupancy, with scheduled rental income of thirty-one thousand nine hundred sixty dollars per month. The asset features a balanced mix of market-rate leases and Housing Choice Voucher contracts, providing a diversified and established income stream. The building is all-electric with NO NATURAL GAS service on site. This eliminates boiler, furnace, and gas-line maintenance from the operating budget, and consolidates the property onto a single energy source. Electric service expense are currently allocated between ownership and tenants keeping utility expense controlled.Additional opportunities for revenue enhancement include laundry operations, ancillary income streams, and potential utility expense recovery. Positioned along the Michigan Avenue corridor, the property offers convenient connectivity to Dearborn, Detroit Metropolitan Wayne County Airport, I-94, and the surrounding employment and commercial centers.

Location

State MI

County Wayne

Area Area05080Inkster

Interior

Heating Other Heating Source, Separate Meters

Cooling ENERGY STAR Qualified Equipment

Fireplace No

Exterior

Fence Fenced

Pool None

View Y/N No

Garage false

Building

Foundation Slab

Sewer Public Sewer, Sewer At Street

Water WateratStreet

New Construction No

Schools

School District Westwood

Others

Senior Community false

Acceptable Financing Cash, Conventional, WarrantyDeed

Listing Terms Cash, Conventional, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Breed Restrictions, Size Limit, Yes


Realcomp MLS
Listed by Maryott Tijerina of Premier Realty Service LLC
Katie Wright

Katie Wright

Broker Associate License ID: 387021

+1(248) 403-3182

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25911 Michigan AVE