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70 Highland St 42 Unit Apartment Building $307,732 CAD ($7,327 CAD/Unit) Highland Park, MI 48203
Investment Highlights
- 70 Highland Street presents a vacant apartment building configured for 42 studio units.
- Nestled in the TOD Zoning area (Transit Oriented Design), for easy accessibility and visibility.
- Residents in Highland Park are less than 10 miles north of Downtown Detroit and enjoy quick access to Routes 10 and 8 and Interstate 75.
- The apartment building can be repurposed for retail operations spanning 39,340 square feet.
Executive Summary
Signature Associates is pleased to present the value-add investment opportunity of 70 Highland Street, a vacant, 42-unit apartment building able to cater to various retail and mixed-use operations. Zoned TOD for Transit Oriented Design, the location is prime for public transit and accessibility. The surrounding 5 miles have a population of 380,403 and a median household income of $44,997. 70 Highland Street is less than 10 miles from Downtown Detroit and off State Routes 8 and 1 for easy accessibility.
Inquire today for more information and all possible future uses.
Inquire today for more information and all possible future uses.
Property Facts
| Price | $307,732 CAD | Building Class | C |
| Price Per Unit | $7,327 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 39,340 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 0% |
| No. Units | 42 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | TOD | ||
| Price | $307,732 CAD |
| Price Per Unit | $7,327 CAD |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 39,340 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | TOD |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 42 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 43-012-04-0173-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $15,704 CAD |
Property Taxes
Parcel Number
43-012-04-0173-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$15,704 CAD
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70 Highland St
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