Contacts
Tom Johnston
SVN | SFRhub Marketplace
Property Details
- Property Type Multi-Family
- Property Size 32,074 SF
- Units 36
- Lot Size 4.11 Acre
- Additional Rent Contact for pricing
- Date Updated Nov 20, 2024
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Highlights
- Portfolio size reduced - Homes sold and active sales pending
- Section 8 Portfolio with over $500,000 in CapEx Invested
- 31 scattered single-family homes in Detroit, MI comprising 29 single-family detached homes and a duplex (2 doors)
- Four 2-bedroom and twenty-seven 3-bedroom homes
- Home ages range from 1929 to 1970, with a 1949 average year of construction
- Sizes vary from 692 to 1,098 square feet, averaging 898 square feet per home
- Homes are close to each other as the portfolio spans just two zip codes
- $80,233 per home is significantly below Detroit’s current median home price of $148,000
- Year 1 Stabilized Cap Rate of 10.42%
- Only 3 vacant homes
- Current rent of $1,071 per month is 3% below the market rents of $1,107
- Seller has additional homes available for sale in Metro Detroit
- Seller deploys D.A.W.G. system to deter vandalism and theft during tenant turns
- All SVN® Offices Are Independently Owned & Operated
- Local Broker License Information: www.SFRhub.com/realestatelicensing
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Detroit, MI
- Neighborhood Redford
- Zip Code 48239
- Market Detroit
Points of Interest
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Dearborn
5.68 miles
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CDM Transport LLC
5.79 miles
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Smith's Creek Depot Station
5.82 miles
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Firestone Station
5.91 miles
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Walnut Grove Station
6.00 miles
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BP
0.62 miles
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Sunoco
0.68 miles
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Marathon
0.73 miles
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Exxon
0.80 miles
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Mobil
1.18 miles
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Valero
1.41 miles
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Livonia, MI Supercharger
2.12 miles
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Charging Station at Westland City Hall
6.27 miles
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Bosch
7.09 miles
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Rhombus Energy Solutions
7.18 miles
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Vistor Parking Lot B
4.38 miles
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Vistor Parking Lot A
4.39 miles
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Parking Lot C
4.43 miles
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Parking Lot D
4.45 miles
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Parking Lot G
4.51 miles
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Parking Lot E
4.51 miles
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OHM Advisors Parking Lot
4.67 miles
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Monteith Parking Structure
4.83 miles
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Paid Parking
4.88 miles
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Oak Grove Trailhead Parking Lot
4.99 miles
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Hilltop Motel
1.00 miles
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Inn America
1.01 miles
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Holiday Inn Express & Suites Detroit Northwest
1.42 miles
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Royal Budget Inn
1.44 miles
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Park Drive Motel
1.46 miles
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Hampton Inn Livonia Detroit
1.94 miles
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Americas Best Value Inn Livonia Detroit
1.95 miles
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Comfort Inn
2.24 miles
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Quality Inn & Suites
2.92 miles
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Riviera Motel Detroit
3.11 miles
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Burlington
1.29 miles
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Sun Valley Supermarket
1.32 miles
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ALDI
1.51 miles
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Randazzo Fresh Market
1.71 miles
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Park to Shop
1.76 miles
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Meijer
2.18 miles
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Sugar Market
2.51 miles
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Target
2.53 miles
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Liquor Store
2.62 miles
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Walmart Supercenter
2.63 miles
In-Depth Research Available for this Property
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.
Contact Listing Broker
Tom Johnston
SVN | SFRhub Marketplace