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DETROIT PORTFOLIO- 46 HOMES AND DUPLEXES 45 Multifamily Properties Offered at $4,185,600 CAD in Multiple Locations
INVESTMENT HIGHLIGHTS
- 46 HOME AND DUPLEX PORTFOLIO- 34 OCCUPIED
- 15% CAP RATE FULLY OCCUPIED- 11% CAP RATE WITH CURRENT VACANCIES
- TURNKEY INVESTMENT
EXECUTIVE SUMMARY
Executive Summary: 46 HOMES AND DUPLEXES FOR SALE
• Total Portfolio Asking Price: $3,000,000
• Occupied Homes and/or Duplexes: 34
• Vacant Homes and/or Duplexes: 12
• Acquisition Options: Entire portfolio · Bundles · Individual homes
• Current annual rent amount for 34 occupied properties is $374,700
• Potential rent amount with full occupancy for all 46 homes is $511,000 per year
• Annual Tax amount for all 46 homes is $45,550 per year
• Seller has liability insurance for all 46 homes. $8000 per year total for all 46 homes. No insurance for dwelling. Only liability.
• Tenant pays all utilities. Water, gas, and electric.
• Current NOI on 34 occupied units and 12 vacant units is $335,200
• Total NOI for fully occupied 46 units is $457,000 per year
Scenario Annual NOI ROI / Cap Rate
All 46 fully occupied $457,947 15 %
Currently occupied $335,200 11 %
Buyer broker to be compensated by buyer
• Total Portfolio Asking Price: $3,000,000
• Occupied Homes and/or Duplexes: 34
• Vacant Homes and/or Duplexes: 12
• Acquisition Options: Entire portfolio · Bundles · Individual homes
• Current annual rent amount for 34 occupied properties is $374,700
• Potential rent amount with full occupancy for all 46 homes is $511,000 per year
• Annual Tax amount for all 46 homes is $45,550 per year
• Seller has liability insurance for all 46 homes. $8000 per year total for all 46 homes. No insurance for dwelling. Only liability.
• Tenant pays all utilities. Water, gas, and electric.
• Current NOI on 34 occupied units and 12 vacant units is $335,200
• Total NOI for fully occupied 46 units is $457,000 per year
Scenario Annual NOI ROI / Cap Rate
All 46 fully occupied $457,947 15 %
Currently occupied $335,200 11 %
Buyer broker to be compensated by buyer
PROPERTY FACTS
| Price | $4,185,600 CAD | Number of Properties | 45 |
| Price / SF | $70.31 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 15.00% | Total Building Size | 59,527 SF |
| Sale Type | Investment | Total Land Area | 1.35 AC |
| Status | Active |
| Price | $4,185,600 CAD |
| Price / SF | $70.31 CAD / SF |
| Cap Rate | 15.00% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 45 |
| Individually For Sale | 0 |
| Total Building Size | 59,527 SF |
| Total Land Area | 1.35 AC |
PROPERTIES
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DETROIT PORTFOLIO- 46 HOMES AND DUPLEXES
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