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9741 Joseph Campau St
Hamtramck, MI 48212
Hamtramck Apartments · Retail Property For Sale
Investment Highlights
- 10 fully leased apartment units and 3 commercial spaces, with 1 vacancy offering lease-up upside and additional income growth opportunity.
- Free Parking on street. Tenant parking in back
- Renovated in 2024. Owner made over $6,000 on Apartment Airbnb in 3 months after fees!
- Combination of multi-family and commercial mixed-use space
Executive Summary
Introducing a prime investment opportunity in Hamtramck. This meticulously renovated 11,565 SF property features 10 fully occupied apartment units, offering a lucrative combination of multi-family and commercial mixed-use space. With an eye on value addition, there's potential for increased rental income from the apartment and commercial units (recently renovated). Boasting a strategic location and a thriving local rental market, this property presents an exceptional prospect for multifamily and high-rise investors seeking a robust return on investment. Don't miss the chance to capitalize on this dynamic income-generating asset in a flourishing community.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,568 SF
Building Class
C
Year Built/Renovated
1920/2024
Price
$2,424,170 CAD
Price Per SF
$209.56 CAD
Cap Rate
10.26%
NOI
$248,720 CAD
Percent Leased
74%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.77
Lot Size
0.15 AC
Zoning
CBD
Frontage
64’ on Joseph Campau St
Property Taxes
| Parcel Number | 41-003-04-0245-300 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $265,572 CAD |
Property Taxes
Parcel Number
41-003-04-0245-300
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$265,572 CAD
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