5918 SAINT ANTOINE, Detroit, Michigan 48202

$6,400,000
36
BA
21,072
SqFt
List Price
$6,400,000
Ownership
Short Sale - No, Private Owned
MLS#
20221005561
Status
ACTIVE
Bathrooms
36
Subdivision
WM H BREARLEYS RESUB (PLATS)

Property Description

If you have been looking for a high end, low investment opportunity in tech town, look no further. This is your opportunity. Completely renovated in 2021 (cosmetics and mechanicals), this spectacular apartment building hosts a variety of floor plans with a variety of income opportunities. In fact, the opportunity is so great, every apartment is currently occupied and collecting a total monthly income over $42,000.00. It’s turn key and ready for you to acquire. Over 21,000 square feet of modern living space with 25 units, and over a 6% cap rate. This building is in close proximity to several million dollars of future developments that are already planned, which will make your property value rise as the neighborhood is developed. Within one mile are several employers such as Ford Health Care, Rocket Mortgage and Blue Cross Blue Shield, just to name a few. Lastly, across the street is a planned development of 433 apartment units, along with retail, commercial, and co-working space. Showings by appointment only.

Additional Information

Summer Taxes
3007
Winter Taxes
353
Year Built
1912
Basement Type
Unfinished
Conforms To Zoning
Yes
Zoning
Multi-Family
No 1 Bedrooms
5
No 2 Bedrooms
19
No Efficiencies
1
Acres
0.20
Style
Common Entry Building, Historic
Acres
0.20
School District
Detroit
Heating
Forced Air

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Max Broock, REALTORS®-Detroit.

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