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24290 W 7 Mile Rd
Detroit, MI 48219
Courtyard Apartments · Multifamily Property For Sale
·
60 Units
INVESTMENT HIGHLIGHTS
- 40,970 SF apartment building on 1.8 acres
- 63 units: 58 x 1 BR, 5 x 2 BR
- Multifamily/High-rise investment potential
- 2 floors
- Built in 1960
- Located 15 minutes from Downtown Detroit
EXECUTIVE SUMMARY
Courtyard Apartments offers an exceptional investment opportunity for multifamily/high-rise investors. This well-maintained property features 60 units in a prime location, offering the potential for high returns. With an extensive unit count and appeal, this property is an ideal choice for those seeking a multifamily investment with substantial growth potential.
PROPERTY FACTS
| Price Per Unit | $75,215 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.80 AC |
| Cap Rate | 10.06% | Building Size | 40,976 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 95% |
| No. Units | 60 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.9/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - Commercial | ||
| Price Per Unit | $75,215 CAD |
| Sale Type | Investment |
| Cap Rate | 10.06% |
| Sale Condition | High Vacancy Property |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 40,976 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | Commercial - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Gated
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 58 | - | 750 |
| 2+1 | 2 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 22-0167846 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,228,461 CAD |
PROPERTY TAXES
Parcel Number
22-0167846
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,228,461 CAD
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