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2683 Central Apartments 2683 Central Ave 10 Unit Apartment Building $1,033,125 CAD ($103,313 CAD/Unit) Detroit, MI 48209
Executive Summary
2683 Central is a fully renovated 10- unit apartment building in Southwest Detroit. Each unit offers two bedrooms and one bathroom. The property underwent a comprehensive renovation in 2019, including interior upgrades, boiler and steam trap replacement, roof replacement, and façade restoration. There is additional upside in adding an 11th unit to the garden level as well as implementing the PILOT program to reduce the property taxes.
Property Facts
| Price | $1,033,125 CAD | Building Class | B |
| Price Per Unit | $103,313 CAD | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 7,795 SF |
| No. Units | 10 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1926/2019 |
| Zoning | R3 | ||
| Price | $1,033,125 CAD |
| Price Per Unit | $103,313 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 7,795 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1926/2019 |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 735 - 843 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 20-004924 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $398,786 CAD |
Property Taxes
Parcel Number
20-004924
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$398,786 CAD
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2683 Central Apartments | 2683 Central Ave
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