Buy&Hold (Multifamily): 925 Unit (12 Buildings) Rental Portfolio, Detroit, MI - No longer Available
Updated: May 8
Multifamily Investment Opportunity
Bonnieview Apartments (156 units)
Country House Apartments (168 Units)
Four Corners Apartments (82 Units)
Fraser Pointe Manor (40 Units)
Freeway Top Apartments (22 Units)
Grand Place Apartments (32 Units)
Park Plaza (42 Units)
Plymouth Green
West Park Manor
Regency Detroit (72 Units)
Courtyard Apartments (60 Units)
Greenfield Commons (No Photos) (34 units)
TOTAL PORTFOLIO PRICE
$51,500,000
($55,700/door)
NOI: $3,038,014.30
Great opportunity to acquire a value add multifamily portfolio in the City of Detroit. Value add here lies in increasing occupancy rates throughout as well as cosmetic updates to increase rents to market rates. These are brick buildings with great upside and potential. Additional Information and financials available for all serious inquiries. Please submit all offers directly to sarter@promiselandrealtyllc.com
Property Map
"Your #1 Source for Discounted Off Market Investment Properties, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
sarter@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. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. 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*