19143 Berg Road, Detroit, MI 48219
19143 Berg Road, Detroit, MI 48219
19143 Berg Road, Detroit, MI 48219
19143 Berg Road, Detroit, MI 48219
19143 Berg Road, Detroit, MI 48219
19143 Berg Road, Detroit, MI 48219
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 2,500,000
Est. payment | /mo

64 Beds

48 Baths

39,816 SqFt

Save
$ 2,500,000
Est. payment | /mo
Save

64 Beds

48 Baths

39,816 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 39,816 sqft

Price per Sqft $62

Subdivision Mi

MLS Listing ID 50220594

Style 2 Story

Bedrooms 64

Full Baths 40

Half Baths 8

Year Built 1963

Annual Tax Amount $37,391

Lot Size 1.260 Acres

Acres 1.26

Lot Dimensions 54866

Property Sub-Type Multi-Family

Property Description

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.

Location

State MI

County Wayne

Area Detroit (82001)

Interior

Heating Boiler

Fireplace No

Building

Story 2 Story

Foundation Basement

Water Public Water

Schools

School District Detroit City School District

Others

Ownership Private

SqFt Source Realist

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Paint Creek
Nearby Locations
Shawn Murphy, GRI, SRES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN 55432, USA

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19143 Berg Road