Contacts
Thomas C. Johnston
SVN | SFRhub Marketplace
(602) 403-3695
Property Details
- Property Type Multi-Family
- Property Size 47,168 SF
- Units 42
- Lot Size 5.02 Acre
- Additional Rent Contact for pricing
- Year Built 1938
- Date Updated May 3, 2024
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- All certified rentals with over $1.3 million in CapEx
- Forty-two (42) single-family detached homes consist of sixteen 2-bedroom, twenty 3-bedroom, five 4-bedroom and one 5-bedroom homes
- Counties include Wayne (10 homes), Oakland (25 homes), and Macomb (7 homes)
- The age of homes ranges from 1913 to 1998, with an average year of construction in 1938 and sizes vary from 619 to 2,387 square feet, averaging 1,123 square feet
- Homes are certified rentals within their respective municipality
- Seller has additional certified rental homes available in Detroit
- The seller has additional certified rental homes available in Detroit
- ?$154,328 per home, this portfolio is just above Detroit’s current median home price of $148,000
- Year 1 Stabilized Gross Yield of 11%
- Current average rent of $1,254 per month is 9% below the current market rate of $1,373
- Six vacant homes for an investor to achieve market rents
- Managed by a professional 3rd party property management firm willing to remain with the portfolio after a sale
- Over $1,300,000 of CapEx deployed since 2014
- 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
Getting around
-
Walk Score ®
-
Bike Score ®
Location
- City Oakland County, MI
- Neighborhood Hazel Park
- Zip Code 48030
- Market Detroit
Points of Interest
-
CDM Transport LLC
5.78 miles
-
Grand Boulevard
6.67 miles
-
Baltimore Street
6.80 miles
-
Amsterdam Street
6.99 miles
-
Ferry Street
7.38 miles
-
Warren Avenue
7.61 miles
-
Canfield Street
8.02 miles
-
Mack Avenue
8.40 miles
-
Martin Luther King Junior Boulevard
8.42 miles
-
Checker Cab #977
8.59 miles
-
Zazz!
0.28 miles
-
Shell
0.64 miles
-
Marathon
0.66 miles
-
Mobil
0.68 miles
-
BP
0.68 miles
-
Sunoco
0.74 miles
-
Marathon
1.30 miles
-
BP
1.35 miles
-
BP
1.43 miles
-
BP
1.44 miles
-
Lawrence C. Falvey Parking Lot
1.95 miles
-
Church parking lot
2.04 miles
-
US Post Office Parking lLot
2.07 miles
-
Water Tower Parking Lot
2.82 miles
-
Woodward Parking Lot
2.86 miles
-
Main North Garage
3.01 miles
-
10 Mile Parking Lot
3.02 miles
-
Lafayette Avenue Parking Structure
3.14 miles
-
Chess Row
3.22 miles
-
Parking Garage
3.88 miles
-
Hilton Veterinary Clinic of Ferndale
1.55 miles
-
Fontaine Motel
3.05 miles
-
Mt. Elliott Motel
3.72 miles
-
Baymont by Wyndham Ferndale/Royal Oak
4.04 miles
-
Hampton Inn Detroit/Madison Heights/South Troy
4.62 miles
-
Residence Inn by Marriott Detroit Troy/Madison Heights
4.67 miles
-
Extended Stay America - Detroit - Madison Heights
4.73 miles
-
Rodeway Inn
4.78 miles
-
Baymont by Wyndham Madison Heights Detroit Area
4.79 miles
-
Hamtramck Hotel & Hostel
4.81 miles
-
Kroger
0.55 miles
-
Hazel Park Food Center
0.74 miles
-
Save-A-Lot
1.32 miles
-
Imperial Supermarket
1.50 miles
-
Fresh Approach
1.88 miles
-
Meijer
1.90 miles
-
Save-A-Lot
1.95 miles
-
Marshalls
1.96 miles
-
Aaron's
1.98 miles
-
The Rust Belt Market
2.08 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
Thomas C. Johnston
SVN | SFRhub Marketplace
(602) 403-3695