56
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$899,990
Est. payment /mo
19 Baths
11,075 SqFt
Active
13535 LA SALLE Boulevard Detroit, MI 48238 3493
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,075 sqft
Price per Sqft $81
Subdivision Mi
MLS Listing ID 60920800
Full Baths 19
Year Built 1929
Annual Tax Amount $12,330
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 76.00 x 110.00
Property Sub-Type Multi-Family
Property Description
Rare opportunity on this Value Add Multi Family comprised of 19 units. Full brick well maintained building in the heart of Detroit. All units have been renovated. Unit mix consists of (14) one bedroom units, (1) two bedroom units ,(4) studio units. Strong financials with a projected 12.5%+ cap rate with all 19 units rehabbed. Each hallway and common areas are updated. Each unit has its own electric meter, Plenty of crucial upgrades completed including new boiler, common area and unit renovations, and many other capital upgrades totaling 250,000. The exterior has been impeccably maintained with a newer Spanish clay tile roof on the building, newer windows, and parking available for tenants. All tenants are in great standing with management, and management is offering a one or two year transition management agreement to the new investor. Conveniently located near major highways making commuting to nearby landmarks such as Wayne State University and Downtown Detroit. Don't miss out on this amazing opportunity.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Block, Common, Outside Entrance, Partially Finished
Interior
Heating Radiant, Steam
Cooling Wall/Window A/C
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility, Private Entry
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main