44 Unit Residential Portfolio Metro Detroit
East 8 Mile Road and Gratiot Ave, Detroit, MI 48021
- For Sale $2,401,000
- Property Type Multi-Family
- Property Size 38,160 Sqft
- Property Tenancy Multi-Tenant
- Year Built 1943
- Year Renovated 2017
- Date Updated Jul 26, 2021
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- City Detroit, MI
- Neighborhood Eastpointe
- Zip Code 48021
- Market Detroit
- Portfolio is offered at a 10.4% Cap Rate and a 15.7% Current Gross Yield.
- Average Rent of $715/Month at $.89/SF
- Offered at $55k/Home - $62.92/SF Below Replacement Cost and a significant discount to market values.
- Rental rates throughout the portfolio are 17% below market rates.
Frequently Asked Questions
What is the total square footage of 44 Unit Residential Portfolio Metro Detroit?
44 Unit Residential Portfolio Metro Detroit totals 38,160 square feet.
When was this property built?
44 Unit Residential Portfolio Metro Detroit was built in 1943.
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