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Nailah Commons Rowhouses 710 E Ferry St

58 Unit Block of Flats £8,750,720 (£150,874/Unit) 7.53% Net Initial Yield Detroit, MI 48202

Investment Highlights

  • Newly built in 2017
  • Annual rents are going up.

Executive Summary

This is a newer construction cash-flowing townhome-style apartment complex for sale. Excellently maintained.
Located in the Midtown Cultural District, Nailah Commons incorporates a newer classic townhouse style, featuring modern amenities combined with historic architectural elements. This site is located within the Art Center District of Midtown within close proximity to Peck Park, the Detroit Institute of Arts, the College for Creative Studies, the Charles H. Wright Museum, Michigan Science Center, and so much more.

Attachments

Addendum to 710 E Ferry regarding Assumption.docx (6) (1) (1)

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Price £8,750,720 Apartment Style Townhome
Price Per Unit £150,874 Building Class B
Sale Type Investment Building Size 39,844 SF
Net Initial Yield 7.53% Average Occupancy 100%
No. Units 58 Number of Floors 3
Property Type Residential Year Built 2017
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £8,750,720
Price Per Unit £150,874
Sale Type Investment
Net Initial Yield 7.53%
No. Units 58
Property Type Residential
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Building Size 39,844 SF
Average Occupancy 100%
Number of Floors 3
Year Built 2017
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Granite Countertops
  • Refrigerator
  • Stainless Steel Appliances
  • Yard
  • Island Kitchen

Links

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710 E Ferry St, Detroit, MI - aerial map view
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 03-00153-740 Improvements Assessment £0
Land Assessment £0 Total Assessment £483,756

PROPERTY TAXES

Parcel Number
03-00153-740
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£483,756

zoning

Zoning Code R-3 (Multifamily)
R-3 (Multifamily)
(248) 505-2509

Contact

  • Listing ID: 26146547

  • Date on Market: 12/07/2022

  • Last Updated:

  • Address: 710 E Ferry St, Detroit, MI 48202

The Midtown Detroit Residential Property at 710 E Ferry St, Detroit, MI 48202 is currently available. Contact Re/Max Commercial Connection for more information.

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710 E Ferry St, Detroit, MI for sale Aerial- Image 1 of 4
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© 2024 CoStar Group

Nailah Commons Rowhouses | 710 E Ferry St
(248) 505-2509 x

Nailah Commons Rowhouses | 710 E Ferry St

Ellen Mahoney

(248) 505-2509

(248) 505-2509

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