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21400 W 7 Mile Rd 64 Unit Apartment Building $6,612,000 CAD ($103,313 CAD/Unit) Detroit, MI 48219
Executive Summary
64-unit brick apartment complex in 8 buildings that are connected. Situated on 2.28 acre site with nice curb appeal and location. Property is 75% occupied. 24 two bedroom units and 40 one bedroom units. New electrical & plumbing have been completed to buildings of the 16 vacant units that need to be rehabbed. All other units have been remodeled! All units have individual furnaces which is paid for by tenants. Large parking lot for tenants and property management office and property manager in place. Ideal opportunity for all cash buyer or bank financing.
Property Facts
| Price | $6,612,000 CAD | Building Class | B |
| Price Per Unit | $103,313 CAD | Lot Size | 2.28 AC |
| Sale Type | Investment | Building Size | 50,478 SF |
| No. Units | 64 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1955 |
| Apartment Style | Garden | ||
| Zoning | Commercial - Commercial Zoned District | ||
| Price | $6,612,000 CAD |
| Price Per Unit | $103,313 CAD |
| Sale Type | Investment |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.28 AC |
| Building Size | 50,478 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1955 |
| Zoning | Commercial - Commercial Zoned District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | - |
| 1+1 | 40 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 22-016835 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,864,844 CAD |
Property Taxes
Parcel Number
22-016835
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,864,844 CAD
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21400 W 7 Mile Rd
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