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Kelly Pointes Apartments 22270 Kelly Rd 10 Unit Apartment Building $1,265,793 CAD ($126,579 CAD/Unit) 8% Cap Rate Eastpointe, MI 48021
INVESTMENT HIGHLIGHTS
- Cash Flow
- Stabilized
EXECUTIVE SUMMARY
Kelly Pointe Apartments is a stabilized 10 unit apartment building located in Eastpointe, MI. The units are all one bedroom one bath, approximately 600 square feet. There is one building total, with one parking space per unit. The property is 100% occupied grossing +$10,000 per month, with an annual gross potential rent of $120,120.
PROPERTY FACTS
| Price | $1,265,793 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $126,579 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 8% | Building Size | 8,480 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Zoning | RM1 | ||
| Price | $1,265,793 CAD |
| Price Per Unit | $126,579 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 8,480 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | RM1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 02-14-32-236-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $425,251 CAD |
PROPERTY TAXES
Parcel Number
02-14-32-236-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$425,251 CAD
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Kelly Pointes Apartments | 22270 Kelly Rd
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