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Sussex Apartments 15211 Fenkell St 20 Unit Apartment Building $1,618,716 CAD ($80,936 CAD/Unit) 10% Cap Rate Detroit, MI 48227
Executive Summary
20-unit low-rise garden style gated brick apartment building with courtyard. All units are 1-bed 1-bath situated on 0.38 acre lot. All units are rehabbed. Roof replaced approx 10 years ago, updated vinyl windows, nice parking lot for tenants. Property manager in place or self-manage. New balcony. Updated gutters and flashing. This is a solid apartment complex located off Fenkell tucked into a subdivision. Centrally located. This property has CofC !!
Property Facts
| Price | $1,618,716 CAD | Building Class | B |
| Price Per Unit | $80,936 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 10,800 SF |
| Cap Rate | 10% | No. Stories | 2 |
| No. Units | 20 | Year Built | 1954 |
| Property Type | Multifamily | Parking Ratio | 2.31/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R | ||
| Price | $1,618,716 CAD |
| Price Per Unit | $80,936 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 10,800 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 721 |
1 1
Property Taxes
| Parcel Number | 22-010755-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $444,472 CAD |
Property Taxes
Parcel Number
22-010755-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$444,472 CAD
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Sussex Apartments | 15211 Fenkell St
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