900 E Grand Boulevard, Detroit, MI 48207
sale
$349,000
|
Other
Courtesy Of Century 21 Curran & Oberski
42949 Seven Mile, Northville, MI 48167
Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of
four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at
$1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing
strong upside potential in Detroit s revitalizing Islandview / West Village corridor.
Highlights
100% occupancy with stable tenants
Below market rent significant upside
Cap rate 8.3% with growth potential to 10%
Landlord only pays water low expense ratio
Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit
Updated interiors and long-term tenant stability
four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at
$1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing
strong upside potential in Detroit s revitalizing Islandview / West Village corridor.
Highlights
100% occupancy with stable tenants
Below market rent significant upside
Cap rate 8.3% with growth potential to 10%
Landlord only pays water low expense ratio
Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit
Updated interiors and long-term tenant stability
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Floors: 3
- Legal Description: E E GRAND BLVD 58 ASSESSORS PLAT OF PT OF PC 678 L66 P52 PLATS, W C R 15/276 60 X 134
- MLSID: 20251047515
- Roof Type: Asphalt
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
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