Multi-Family Redevelopment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30786295
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 7,412 SF
Gross Building Area: See Agent
Gross Land Area: 10,019 SF
Sale Price: $25,000
Unit Price: $2,083.33 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/11/2022

Overview / Comments

- Seeking qualified developers to redevelop this 12-Unit Apartment Building on Detroit's Eastside

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 21029886.
Zoning: R3
Property Located Between: Greiner St and Park Grove Ave
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1964
Zoning Description: Low Density Residential District
Lot Frontage: 80
Lot Depth: 125
Legal Description: E PELKEY N 20 FT OF 22 21 TROMBLEY PARK SUB L40 P93 PLATS, W C R 21/631 80 X 124.5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,974 189,595 471,269
Median Age: 28.62 31.9 35.79
Households: 7,295 65,448 175,409

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