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Kelly Pointes Apartments 21440 Kelly Rd 12 Unit Apartment Building $1,590,887 CAD ($132,574 CAD/Unit) 8% Cap Rate Eastpointe, MI 48021

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INVESTMENT HIGHLIGHTS

  • Stablized
  • Cash Flow

EXECUTIVE SUMMARY

Kelly Pointe Apartments is a stabilized 12 unit apartment building located in Eastpointe, MI. The property consist of 8 one bedroom one bath and 4 two bedroom one bath units. There is 3 buildings total, with one parking space per unit. The property is 100% occupied grossing +$13,000 per month, with an annual gross potential rent of $156,000.

PROPERTY FACTS

Price $1,590,887 CAD
Price Per Unit $132,574 CAD
Sale Type Investment
Cap Rate 8%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.59 AC
Building Size 9,456 SF
No. Stories 2
Year Built 1968
Parking Ratio 2.54/1,000 SF
Zoning APT 10 UNI

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 12 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-14-32-403-006
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$528,728 CAD
  • Listing ID: 39165328

  • Date on Market: 2026-01-21

  • Last Updated:

  • Address: 21440 Kelly Rd, Eastpointe, MI 48021

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