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Birmingham Luxury Lofts 400 S Old Woodward Ave 23 Unit Apartment Building $28,763,909 CAD ($1,250,605 CAD/Unit) 6.38% Cap Rate Birmingham, MI 48009
Investment Highlights
- Downtown Birmingham Luxury Lofts | 2021 Construction | Rare Trophy Generational Asset
- Ultra Chic Design Elements w/ Open Layout & Latest Fit-to-Finish Exceptional Aggregate Appreciation & Rental Upside
- Nearby Retailers Include New World-Class Restoration Hardware, CB2, Lululemon, Starbucks Reserve & More.
- 21-Unit Luxury Apartments + 2 Commercial Suites | Highly Affluent Community: One of Highest Per Capita in US
- Birmingham Known as “Gem of the Midwest” Eclectic Atmosphere w/ Sprawling Streetscapes Hosting Dining, Shopping, Hotels, Theaters, & Parks.
Executive Summary
Downtown Birmingham Luxury Lofts | 2021 Construction | Rare Trophy Generational Asset
21-Unit Luxury Apartments + 2 Commercial Suites | Highly Affluent Community: One of Highest Per Capita in US
Ultra Chic Design Elements w/ Open Layout & Latest Fit-to-Finish Exceptional Aggregate Appreciation & Rental Upside
21-Unit Luxury Apartments + 2 Commercial Suites | Highly Affluent Community: One of Highest Per Capita in US
Ultra Chic Design Elements w/ Open Layout & Latest Fit-to-Finish Exceptional Aggregate Appreciation & Rental Upside
Property Facts
| Price | $28,763,909 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,250,605 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 6.38% | Building Size | 51,696 SF |
| No. Units | 23 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 0.99/1,000 SF |
| Zoning | CM - General Commercial Zoning | ||
| Price | $28,763,909 CAD |
| Price Per Unit | $1,250,605 CAD |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.75 AC |
| Building Size | 51,696 SF |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | CM - General Commercial Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Property Manager on Site
- Pet Play Area
- Roof Terrace
- Car Charging Station
- Elevator
- Maintenance on site
1 1
Very walkable
80/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 19-36-205-043 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,938,958 CAD |
Property Taxes
Parcel Number
19-36-205-043
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,938,958 CAD
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Birmingham Luxury Lofts | 400 S Old Woodward Ave
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