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1480 Parkwood Ave 11 Unit Apartment Building $2,205,088 CAD ($200,463 CAD/Unit) Ypsilanti, MI 48198
INVESTMENT HIGHLIGHTS
- 11 Units
- Recently Renovated
- Fully Occupied
EXECUTIVE SUMMARY
Turn-key property! Value-add opportunity by adding additional 3rd bedroom to 10 of the units… with $48,000/ yr additional income possible.
Completely remodeled 10- 2 bedroom/ 1-Studio apartment complex with new; roof, parking lot, landscaping, boiler, flooring, and
fresh exterior and interior paint. All units are occupied and include private washer and dryer, new kitchen with granite and stainless
steel appliances, and marble baths. 11th unit is a studio apartment. (Landlord pays gas and water, tenants pay electric)
All units are tenant occupied, please contact agent for more information.
Contact Co-listing agent for all further inquiries-Ahmed Farha-(734)377-8094
Completely remodeled 10- 2 bedroom/ 1-Studio apartment complex with new; roof, parking lot, landscaping, boiler, flooring, and
fresh exterior and interior paint. All units are occupied and include private washer and dryer, new kitchen with granite and stainless
steel appliances, and marble baths. 11th unit is a studio apartment. (Landlord pays gas and water, tenants pay electric)
All units are tenant occupied, please contact agent for more information.
Contact Co-listing agent for all further inquiries-Ahmed Farha-(734)377-8094
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,205,088 CAD | Lot Size | 0.66 AC |
| Price Per Unit | $200,463 CAD | Building Size | 12,562 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | BA | ||
| Price | $2,205,088 CAD |
| Price Per Unit | $200,463 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 12,562 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2022 |
| Parking Ratio | 1.59/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | BA |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | 1,256 |
1 1
PROPERTY TAXES
| Parcel Number | 11-11-335-025 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $433,977 CAD |
PROPERTY TAXES
Parcel Number
11-11-335-025
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$433,977 CAD
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1480 Parkwood Ave
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