Search

Buy&Hold (Multifamily): 188 Units - 888 Pallister St., Detroit, MI 48202 - Deal Available

Multifamily Investment Opportunity














Price

$15,416,000


188 Units - 82K/Door - CAP RATE 5%


Great opportunity to invest in an incredible value add property in the New Center area of the City of Detroit. Pallister Plaisance Apartments is a 12-story high rise, built in 1973 with 188 units. The property is located right off of M10 Lodge expressway. Conveniently located in the heart of Detroit near shopping, fine dining, museums, and so much more. Fantastic city views. Household utilities included with rent, laundry facilities on every floor, valet trash service and a workout room. Total Monthly Income: $1,719,074 and the Net Operating Income is $768,197.

Please submit all offers to sarter@promiselandrealtyllc.com.





Property T-12

pallister T 12 9 2021 8 2022
.xlsx
Download XLSX • 296KB

Rent Rolls


Rent_Roll 9 2022 Pallister
.xlsx
Download XLSX • 24KB

Property Map



"Your #1 Source for Off Market Investment Properties, NATIONWIDE"



PROMISE LAND REALTY, LLC

Work: 864-762-2509

sarter@promiselandrealtyllc.com

www.promiselandrealtyllc.com


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*


62 views0 comments