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+15868545396
Community Choice Realty
25911 Michigan Avenue, Inkster, MI 48141 2477
- $3,010,000
- 34
- BA
- 22,550
- SqFt
- List Price
- $3,010,000
- Status
- ACTIVE
- MLS#
- 61038502
- Days on Market
- 11
- Year Built
- 1960
- Bathrooms
- 32
- Half baths
- 2
- Acres
- 0.88
- Living Area
- 22,550
- Municipality
- Inkster
- Region
- Inkster
- Township
- Inkster
- Subdivision
- Lot 8 Sub Of Ne 1/4 & E 1/2 Of Nw 1/4 Of Sec 30
Property Description
AVENUE APARTMENTS | PREMIER 32-UNIT MULTIFAMILY INVESTMENT | 100% OCCUPANCY. Thirty-two unit, fully occupied multifamily investment on the Michigan Avenue corridor in Inkster. Repositioned in 2024 through a comprehensive, down-to-the-studs renovation of the interiors and exterior, including a new roof, windows, interior rehabilitation, complete exterior modernization, and substantial capital improvements throughout the building. Operating at full occupancy, with scheduled rental income of thirty-one thousand nine hundred sixty dollars per month. The asset features a balanced mix of market-rate leases and Housing Choice Voucher contracts, providing a diversified and established income stream. The building is all-electric with NO NATURAL GAS service on site. This eliminates boiler, furnace, and gas-line maintenance from the operating budget, and consolidates the property onto a single energy source. Electric service expense are currently allocated between ownership and tenants keeping utility expense controlled.Additional opportunities for revenue enhancement include laundry operations, ancillary income streams, and potential utility expense recovery. Positioned along the Michigan Avenue corridor, the property offers convenient connectivity to Dearborn, Detroit Metropolitan Wayne County Airport, I-94, and the surrounding employment and commercial centers.
Additional Information
- Lot Dimensions
- 106 x 346
- Heating
- Other-See Remarks
- Cooling
- Other
- Sewer
- Public At Street
- Foundation
- Slab
- Water
- Public Water at Street
- School District
- Westwood Community Schools
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Listing Courtesy of Premier Realty Service LLC, Office Phone: 248-255-2474
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.