Contacts
Bruce A. Morrison
Friedman Real Estate
(586) 243-4260
Property Details
- Property Type Multi-Family
- Property Size 25,530 SF
- Units 24
- Lot Size 0.2 Acre
- Year Built 1925
- Date Updated Mar 7, 2024
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Highlights
- 24 unit multi-family apartment complex
- Built in 1925
- 12 One Bedroom Units/12 Studio Units
- Estimated NOI $96,377
- Sale price $800,000 ($33,333/Unit)
- Stabilized cap rate – 12.04%
- 80% Occupancy
- Rent includes all utilities including heat
- Roof is 5 years old
- Boiler is 2 years old
Attachments
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Detroit, MI
- Neighborhood Durfee
- Zip Code 48238
- Market Detroit
Points of Interest
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CDM Transport LLC
3.20 miles
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Grand Boulevard
3.39 miles
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Baltimore Street
3.51 miles
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Detroit
3.54 miles
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Amsterdam Street
3.68 miles
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Ferry Street
4.02 miles
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Warren Avenue
4.26 miles
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Canfield Street
4.62 miles
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Checker Cab #977
4.96 miles
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Mack Avenue
5.01 miles
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Gulf
0.31 miles
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Clark
0.41 miles
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Shamrock
0.42 miles
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Mobil
0.44 miles
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BP
0.49 miles
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Citgo
0.51 miles
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Citgo
0.54 miles
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Citgo
0.63 miles
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BP
0.67 miles
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Mobil
0.72 miles
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Student / Vistor Parking Lot D
1.15 miles
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Student / Vistor Parking Lot B
1.19 miles
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Faculty / Visitor Parking Lot C
1.21 miles
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Faculty / Staff Parking Lot E
1.22 miles
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Vistor Parking Lot B
1.23 miles
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Student Parking Lot I
1.31 miles
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Faculty / Staff Parking Lot A
1.33 miles
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Student Parking Lot H
1.34 miles
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Faculty / Staff Parking Lot H
1.35 miles
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Student / Vistor Parking Lot F
1.43 miles
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Fontaine Motel
2.20 miles
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Town Motel
2.85 miles
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Rio Grand Motel
2.85 miles
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Hotel St. Regis
3.35 miles
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Pinkinn Motel
3.53 miles
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Hamtramck Hotel & Hostel
3.57 miles
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Veteran's Park Hotel
4.01 miles
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Baymont by Wyndham Ferndale/Royal Oak
4.08 miles
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The Inn on Ferry Street
4.08 miles
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El Moore
4.63 miles
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Value Save Food Center
0.37 miles
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King Saver Foods
0.46 miles
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Food Farm Super Market
1.23 miles
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The Shops at Woodward Place
1.80 miles
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ALDI
1.80 miles
-
Dollar General
1.88 miles
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Glory Supermarket
1.97 miles
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Savon Foods Supermarket
1.99 miles
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Grand Price Supermarket
2.29 miles
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Family Foods Superstore
2.34 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Bruce A. Morrison
Friedman Real Estate
(586) 243-4260