Contacts

Eric D. Banks

Dominion Real Estate Advisors

Property Details

Property Type Multi-Family
Property Size 50,000 SF
Units 53
Additional Rent Contact for pricing
Date Updated Nov 19, 2024

• Single-Family Residential portfolio comprised of 53 properties

• Stabilized portfolio – 98% occupied; proforma assumes 5% vacancy

• All properties have Certificates of Compliance (CofC's) - $38,500 spent on certification inspection fees in 2021

• Portfolio comprised of seven (7) 4-bedroom homes, thirty-three (33), 3-bedroom homes, thirteen (13) 2-bedroom homes.

• 50 market-rate tenants + 3 Section 8 tenants provide stable income.

• Professionally-managed and well-maintained portfolio

• Proforma 10% third party management fee provides new owner opportunity increase investor/owner profitability (Fee is included in portfolio operating expenses)

• Excellent opportunity for local portfolio investor/manager/owner

• Approximately $556,500 in repairs, maintenance and improvements in 2020-2022

• Many units at below market rents

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Getting around

69/100
Walk Score ®
47/100
Bike Score ®

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Location

City Detroit, MI
Neighborhood Brookside - Burton Hollow
Zip Code 48234
Market Detroit

Points of Interest

CDM Transport LLC

9.58 miles

Mobil

0.98 miles
Kroger

1.02 miles
Speedway

1.02 miles
Sunoco

1.02 miles
Shell

1.03 miles
BP

2.09 miles
Bosch

2.42 miles
Tesla Supercharger

3.37 miles
Livonia, MI Supercharger

3.94 miles
eVgo

5.47 miles

Parking Lot B

2.26 miles
Parking Lot A

2.28 miles
Special Events Parking

2.32 miles
Caterer & Staff Parking

2.35 miles
Public Parking

2.49 miles
East Parking Lot

2.78 miles

Park Motel of Farmington

2.23 miles
Grand Tulane Motel

2.38 miles
Detroit Marriott Livonia

2.42 miles
Courtyard Detroit Livonia

2.46 miles
Best Western Livonia

2.60 miles
Embassy Suites

2.60 miles
Holiday Inn Detroit Northwest - Livonia, an IHG Hotel

2.62 miles
TownePlace Suites Detroit Livonia

2.88 miles
Hyatt Place

2.89 miles
Fairfield Inn & Suites Detroit Livonia

2.90 miles

Joe's Produce

0.10 miles
Kohl's

1.66 miles
Walmart Supercenter

1.76 miles
Sears

1.87 miles
Cantoro Italian Market

2.01 miles
Busch's

2.17 miles
Gordon Food Service

2.25 miles
Laurel Park Place

2.32 miles
International Mediterranean Market

2.34 miles
Farmington Plaza Shopping Center

2.36 miles

In-Depth Research Available for this Property

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