Contacts
SVN | SFRhub Marketplace
Property Details
- Property Type Multi-Family
- Property Size 62,503 SF
- Units 54
- Lot Size 5.93 Acre
- Additional Rent Contact for pricing
- Year Built 1940
- Date Updated Dec 10, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- The portfolio includes 52 single-family detached homes and one duplex
- The average home is 1,157 square feet
- Mix of two-, three-, four- and five-bedroom homes
- Homes were built between 1919 and 1963, with an average vintage of 1940
- The portfolio is managed by a local professional property management company
- 98% leased to fully vetted tenants
- There are 38 Section 8 tenants in the portfolio
- Average monthly rental rate of $866
- Rents are 10% below monthly market rents
- Year 1 stabilized cap rate of 9.28%
- Year 1 stabilized yield of 16.77%
- Average asking price of $81,481
- The asking price is 90% below the current median home price in Wayne County
- All SVN® Offices Independently Owned & Operated
- Local Broker License Information: www.SFRhub.com/realestatelicensing
Getting around
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Walk Score ®
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Transit Score ®
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Bike Score ®
Location
- City Detroit, MI
- Neighborhood Brooks
- Zip Code 48227
- Market Detroit
Points of Interest
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CDM Transport LLC
2.66 miles
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Walnut Grove Station
5.14 miles
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Smith's Creek Depot Station
5.19 miles
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Dearborn
5.33 miles
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Firestone Station
5.40 miles
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Grand Boulevard
6.34 miles
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Baltimore Street
6.41 miles
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Detroit
6.41 miles
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Amsterdam Street
6.52 miles
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Ferry Street
6.74 miles
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Sunoco
0.33 miles
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Marathon
0.42 miles
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Clark
0.56 miles
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Citgo
0.56 miles
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Zoom
0.66 miles
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Exxon
0.84 miles
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BP
1.00 miles
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Rhombus Energy Solutions
4.93 miles
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Tesla Supercharger
6.12 miles
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Detroit Pistons Performance Center
6.21 miles
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MRC parking lot
2.72 miles
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Parking Lot G
3.13 miles
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Vistor Parking Lot A
3.17 miles
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Vistor Parking Lot B
3.20 miles
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Parking Lot C
3.26 miles
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Parking Lot E
3.28 miles
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Parking Lot D
3.30 miles
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Paid Parking
3.42 miles
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Student / Vistor Parking Lot B
3.68 miles
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Holiday Inn Express & Suites
3.13 miles
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SpringHill Suites Detroit Dearborn
3.17 miles
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Residence Inn Detroit Dearborn
3.22 miles
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TownePlace Suites Detroit Dearborn
3.24 miles
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Park Drive Motel
3.32 miles
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Royal Budget Inn
3.34 miles
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Doubletree by Hilton Hotel Detroit-Dearborn
3.44 miles
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Hawthorn Suites By Wyndham Dearborn
3.45 miles
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Courtyard Detroit Dearborn
3.72 miles
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Riviera Motel Detroit
3.76 miles
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Americana Foods
0.49 miles
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Food Giant
0.72 miles
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Food 4 Less
0.95 miles
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Grand Price Supermarket
1.33 miles
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Banner Supermarket
1.46 miles
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Sea-Way Supermarket
1.46 miles
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Save-A-Lot
1.81 miles
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Greenfield Market
2.12 miles
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Save-A-Lot Grocery Store
2.14 miles
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Royal Fresh Market
2.14 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
SVN | SFRhub Marketplace