19143 Berg RoadDetroit, MI 48219
$2,500,000
Listing courtesy of Keller Williams Paint Creek
64
Beds
48
Baths
39,816
Sqft
About
This Home
Excellent investment opportunity featuring a 40-unit apartment complex consisting of two buildings on one lot. The property offers a desirable unit mix of 16 one-bedroom/one-bath units, 16 two-bedroom/one-bath units, and 8 townhouse-style two-bedroom/1.5-bath units. Currently 98% occupied with only one vacancy, providing strong occupancy and consistent rental income. Both building boilers were replaced last winter. Roofs are in solid condition and windows are well maintained. The property offers an attractive 10% cap rate and is situated in a prime location. NO OWNER FINANCING.
Details
- Property Type
- Residential Income
- Style
- Multi Family
- Year Built
- 1963
- Lot Size
- 1.26 acres
- Garage Spaces
- 0
- Heating
- Natural Gas, Separate Meters, Steam
- Cooling
- None
- Annual Taxes
- $37,391
- MLS #
- 58050220594
About Detroit
Michigan's largest city, with a revitalized downtown and riverfront, the Midtown cultural district and historic neighborhoods like Indian Village and Boston-Edison. Home styles range from grand early-1900s homes to lofts and new construction.
Gallery
Listing courtesy of Keller Williams Paint Creek. MLS # 58050220594. Information is deemed reliable but not guaranteed and should be independently verified.
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