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1241-1251 E Woodward Heights Blvd 18 Unit Apartment Building For Sale 5% Cap Rate Hazel Park, MI 48030
INVESTMENT HIGHLIGHTS
- Over-engineered and over invested in upgrades
- Amenities uncommon in the area
- Rent has never been increased - is ready to be
EXECUTIVE SUMMARY
Once in a lifetime investment opportunity for two multi-family CLASS A buildings! ONE BUILDING HAS AN ASSUMABLE MORTGAGE AT 4%. This meticulously crafted and over engineered multifamily property is conveniently located in Southeast Oakland County. Masterfully built by a custom builder in 2023, each townhouse features two spacious bedrooms and two baths with in-unit laundry. Attached garage with all units and easy access to all metro Detroit has to offer. Modern kitchens, premium cabinetry and granite counter tops are just a few of the uniquely luxurious features offered in these charming townhomes. Please don’t hesitate to reach out if you are interested this rare opportunity, it won’t last long!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.03 AC |
| Cap Rate | 5% | Building Size | 24,048 SF |
| No. Units | 18 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Townhome | Parking Ratio | 1.54/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | BV - Business District | ||
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.03 AC |
| Building Size | 24,048 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.54/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | BV - Business District |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Wi-Fi
- Den
- Dining Room
- Double Pane Windows
- Family Room
- Loft Layout
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Controlled Access
- Recycling
- Smoke Free
- Individual Locking Bedrooms
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 18 | - | 1,300 - 1,400 |
1 1
PROPERTY TAXES
| Parcel Number | 25-25-251-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $840,445 CAD |
PROPERTY TAXES
Parcel Number
25-25-251-010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$840,445 CAD
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1241-1251 E Woodward Heights Blvd
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