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13535 LA SALLE BLVD DETROIT, MI 48238
- Multi-family (5 or more units) / Resale (MLS)
Property Details for 13535 LA SALLE BLVD, DETROIT, MI 48238
Features
- Price/sqft: $90
- Lot Size: 8276 sq. ft.
- Total Units: 20
- Total Rooms: 6
- Room List: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Stories: 2
- Heating: Radiant,Steam
Facts
- Year Built: 01/01/1929
- Property ID: 944611367
- MLS Number: 20240087355
- Parcel Number: 10008797.
- Property Type: Multi-family (5 or more units)
- County: WAYNE
- Legal Description: W LA SALLE 915-916 ROBERT OAKMANS TWELFTH ST SUB L34 P90 PLATS, W C R 10/135 76 X 110
- Zoning: R5
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Rare opportunity on this Value Add Multi Family comprised of 19 units. Full brick well maintained building in the heart of Detroit. All units have been renovated. Unit mix consists of (14) one bedroom units, (1) two bedroom units ,(4) studio units. Strong financials with a projected 11% cap rate with all 19 units rehabbed. Each hallway and common areas are updated. Each unit has its own electric meter, Plenty of crucial upgrades completed including new boiler, common area and unit renovations, and many other capital upgrades totaling 250,000. The exterior has been impeccably maintained with a newer Spanish clay tile roof on the building, newer windows, and parking available for tenants. All tenants are in great standing with management, and management is offering a one or two year transition management agreement to the new investor. Conveniently located near major highways making commuting to nearby landmarks such as Wayne State University and Downtown Detroit. Don't miss out on this amazing opportunity.
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Property Brokerage:
eXp Realty
39555 Orchard Hill Place Ste 600
Novi
MI
48375
Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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