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816 Brainard St
Detroit, MI 48201
Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
The subject property is well positioned to Mid Town adjacent to largest new residential development in Detroit. Formerly occupied by DRMM. Located on 3rd and Brainard. Detroit is going through the largest growth that is has seen in the last 75 years. New condos being built and apartments all to support the New Corporate customers that are moving thousands of employees to Detroit every month. The subject property located in area of Detroit that has seen new growth of apartments, condos, restaurants and retail stores.
Detroit is experiencing over 7 billion of projects planned, under construction and completed. Bedrock and Ford Mo Co have embarked on 2 projects that will exceed 2 billion in investment. The comeback is for real this time and shall be sustained by the investment of the Corporate Companies in the Detroit.
Gross Building Area: 3495
Year Built: 1920
Quality: Average
Effective Age: 40 years
Stories: 3
Foundation: Full Basement
Exterior: Detailed Brick, Roof Flat membrane roof
Interior Details:
Lighting updated with many original fixtures
Heat Steam Boiler
Fire Protection no
Electrical adequate for current use
Each unit is 1 bedroom w a private bath and kitchen
Capital Improvements: New Windows, Boiler, Roof, Plumbing in the past 8 years.
Detroit is experiencing over 7 billion of projects planned, under construction and completed. Bedrock and Ford Mo Co have embarked on 2 projects that will exceed 2 billion in investment. The comeback is for real this time and shall be sustained by the investment of the Corporate Companies in the Detroit.
Gross Building Area: 3495
Year Built: 1920
Quality: Average
Effective Age: 40 years
Stories: 3
Foundation: Full Basement
Exterior: Detailed Brick, Roof Flat membrane roof
Interior Details:
Lighting updated with many original fixtures
Heat Steam Boiler
Fire Protection no
Electrical adequate for current use
Each unit is 1 bedroom w a private bath and kitchen
Capital Improvements: New Windows, Boiler, Roof, Plumbing in the past 8 years.
PROPERTY FACTS
| Price Per Unit | $117,036 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 4,684 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | Parcel Number | 04-00-356-30-02L |
| Zoning | SD2 | ||
| Price Per Unit | $117,036 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,684 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | SD2 |
| Parcel Number | 04-00-356-30-02L |
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