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900 E Grand Blvd
Detroit, MI 48207
Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at $1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing strong upside potential in Detroit’s revitalizing Islandview / West Village corridor. Highlights • 100% occupancy with stable tenants • Below market rent – significant upside • Cap rate 8.3% with growth potential to 10% • Landlord only pays water – low expense ratio • Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit • Updated interiors and long-term tenant stability.
PROPERTY FACTS
| Price Per Unit | $134,976 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 8.30% | Building Size | 4,934 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1905 |
| Apartment Style | Low-Rise | ||
| Zoning | R5 - Residential | ||
| Price Per Unit | $134,976 CAD |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,934 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1905 |
| Zoning | R5 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
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