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