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15401 Meyers Rd

15 Unit Block of Flats £1,088,787 (£72,586/Unit) Detroit, MI 48227

Investment Highlights

  • 15 unit "townhome" style apartment complex
  • All units have a single car attached garage
  • Al utilities paid by tenant
  • Under market rents with ability to increase NOI under new ownership
  • New flooring, garage doors, countertops, and many other renovations

Executive Summary

A 15 unit "townhome" style apartment complex, consisting of 14 duplex units and one freestanding townhome, for sale in Detroit, MI.

Property Facts

Price £1,088,787
Price Per Unit £72,586
Sale Type Investment
No. Units 15
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 1.05 AC
Building Size 19,200 SF
Average Occupancy 53%
Number of Floors 2
Year Built 1996
Parking Ratio 0.78/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Bay Window
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Basement
  • Deck
  • Vinyl Flooring

Site Amenities

  • Fenced Lot

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2 15 - 1,280

zoning

Zoning Code 401 (RESIDENTIAL)
401 (RESIDENTIAL)
  • Listing ID: 30409362

  • Date on Market: 20/12/2023

  • Last Updated:

  • Address: 15401 Meyers Rd, Detroit, MI 48227

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