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23503 W 7 Mile Rd
Detroit, MI 48219
Park Plaza Apartments · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- 2 Floors
- 100% occupancy
- 40 units : 1 BR
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity! This 40-unit multifamily property presents a rare chance to secure a prime asset in the thriving Detroit area. Boasting 100% occupancy, this well maintained low-rise/garden building offers investors a steady income stream and significant potential for value enhancement. This property is an ideal addition to any investment portfolio. Don't miss out on this lucrative investment in the heart of Detroit's bustling real estate market.
PROPERTY FACTS
| Price Per Unit | $78,754 CAD | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 34,102 SF |
| No. Units | 40 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1956 |
| Apartment Style | Low-Rise | Parking Ratio | 1.41/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | B4 | ||
| Price Per Unit | $78,754 CAD |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 34,102 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.41/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | - | 525 |
PROPERTY TAXES
| Parcel Number | 22-016665 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $477,339 CAD |
PROPERTY TAXES
Parcel Number
22-016665
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$477,339 CAD
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