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.
Listing courtesy of Max Broock, REALTORS®-Detroit.
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