Log In/Sign Up
Your email has been sent.
19625 Conant 24 Unit Apartment Building $1,618,716 CAD ($67,447 CAD/Unit) 13% Cap Rate Detroit, MI 48234
Investment Highlights
- Prime Lenawee County location offering immediate connectivity to Tecumseh, Adrian, and the broader Southeast Michigan manufacturing corridor
- Large, open-configuration land suitable for development, outdoor storage, equipment yards, or contractor use
- Quiet, rural setting that supports operational privacy while maintaining convenient reach to retail, services, and regional business districts
- Excellent access to major routes including M-50 and US-23, supporting logistics, agricultural, and light-industrial operations
- Strong regional labor pool drawn from established industrial employers in Tecumseh and Adrian
Executive Summary
Great investment! 24 unit brick apartment complex for sale! This property has all private entrance units, no common areas! This complex offers 1) 2 bedroom 1 bath unit / 23) 1 bedroom 1 bath units! This complex has a laundry room for tenants use! Newer roof. Electric base board heat! NO boiler. Units have been updated and are In great condition. Large parking lot fenced in. Prime location. High $900-$1100 a month rents. Bringing in a 13% cap rate with great cash flow! Whether you are looking to expand your portfolio or make your first investment, this property offers long-term potential with minimal immediate maintenance!
Property Facts
| Price | $1,618,716 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $67,447 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 13% | Building Size | 13,097 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 3.05/1,000 SF |
| Zoning | B4 - Commercial Zoned District | ||
| Price | $1,618,716 CAD |
| Price Per Unit | $67,447 CAD |
| Sale Type | Investment |
| Cap Rate | 13% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 13,097 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 3.05/1,000 SF |
| Zoning | B4 - Commercial Zoned District |
Amenities
Unit Amenities
- Air Conditioning
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | - |
| 2+1 | 1 | - | - |
1 1
Property Taxes
| Parcel Number | 09-00853-542 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $421,774 CAD |
Property Taxes
Parcel Number
09-00853-542
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$421,774 CAD
1 of 38
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
19625 Conant
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.