- For Sale $6,481,785
- Property Type Multi-Family
- Property Size 47,168 SF
- Units 42
- Lot Size 5.02 Acre
- Year Built 1938
- Date Updated May 3, 2024
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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
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Contacts
Location
Getting Around
-
Walk Score ®
70/100 Somewhat Walkable -
Bike Score ®
53/100 Bikeable
- City Oakland County, MI
- Neighborhood Hazel Park
- Zip Code 48030
- Market Detroit
Points of Interest
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CDM Transport LLC
5.78 miles
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Grand Boulevard
6.67 miles
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Baltimore Street
6.80 miles
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Amsterdam Street
6.99 miles
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Ferry Street
7.38 miles
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Warren Avenue
7.61 miles
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Canfield Street
8.02 miles
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Mack Avenue
8.40 miles
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Martin Luther King Junior Boulevard
8.42 miles
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Checker Cab #977
8.59 miles
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Zazz!
0.28 miles
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Shell
0.64 miles
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Marathon
0.66 miles
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Mobil
0.68 miles
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BP
0.68 miles
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Sunoco
0.74 miles
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Marathon
1.30 miles
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BP
1.35 miles
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BP
1.43 miles
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BP
1.44 miles
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Lawrence C. Falvey Parking Lot
1.95 miles
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Church parking lot
2.04 miles
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US Post Office Parking lLot
2.07 miles
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Water Tower Parking Lot
2.82 miles
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Woodward Parking Lot
2.86 miles
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Main North Garage
3.01 miles
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10 Mile Parking Lot
3.02 miles
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Lafayette Avenue Parking Structure
3.14 miles
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Chess Row
3.22 miles
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Parking Garage
3.88 miles
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Hilton Veterinary Clinic of Ferndale
1.55 miles
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Fontaine Motel
3.05 miles
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Mt. Elliott Motel
3.72 miles
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Baymont by Wyndham Ferndale/Royal Oak
4.04 miles
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Hampton Inn Detroit/Madison Heights/South Troy
4.62 miles
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Residence Inn by Marriott Detroit Troy/Madison Heights
4.67 miles
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Extended Stay America - Detroit - Madison Heights
4.73 miles
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Rodeway Inn
4.78 miles
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Baymont by Wyndham Madison Heights Detroit Area
4.79 miles
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Hamtramck Hotel & Hostel
4.81 miles
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Taco Bell
0.30 miles
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Hardee's
0.46 miles
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Two Guys From Italy
0.48 miles
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Checkers
0.49 miles
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Mabel Gray
0.49 miles
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Frame
0.51 miles
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Subway
0.54 miles
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Grinder Zee of Hazel Park
0.55 miles
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McDonald's
0.58 miles
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Wendy's
0.71 miles
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Hoover Elementary School
0.21 miles
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Hazel Park High School
0.27 miles
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Hazel Park Junior High School
0.42 miles
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Longfellow Elementary School (closed)
0.50 miles
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United Oaks Elementary School
0.62 miles
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Roosevelt Early Childhood Center
0.87 miles
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Webster Early Childhood Center
0.97 miles
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Jardon Vocational School
1.02 miles
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Madison Preparatory School
1.07 miles
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UA-FCA World Class Manufacturing Academy
1.08 miles
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Green Garden Child Development Center
1.12 miles
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Early Childhood Center
2.00 miles
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Nature's Playhouse
2.60 miles
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The Clifton Daycare and Development Center
3.50 miles
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Green Garden Child Development Center
4.08 miles
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Stepping Out On Faith Learning Center & Childcare
4.64 miles
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Harmony Montessori Center
4.71 miles
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Small Wonders
4.80 miles
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Gateway Country Day & Child Care Center
5.21 miles
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Warren Woods Day Care
5.34 miles
Frequently Asked Questions
What is the lease rate for 1001496 . 42 Home SFR Portfolio Oakland County, MI (Detroit MSA)?
Rental asking rate at 1001496 . 42 Home SFR Portfolio Oakland County, MI (Detroit MSA) is $3,240,892.50/YR.
What is the total square footage of 1001496 . 42 Home SFR Portfolio Oakland County, MI (Detroit MSA)?
1001496 . 42 Home SFR Portfolio Oakland County, MI (Detroit MSA) totals 47,168 square feet.
When was this property built?
1001496 . 42 Home SFR Portfolio Oakland County, MI (Detroit MSA) was built in 1938.
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