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+15868545396
Community Choice Realty
19143 Berg Road, Detroit, MI 48219
- $2,450,000
- 64
- BD
- 48
- BA
- 39,816
- SqFt
- List Price
- $2,450,000
- Status
- ACTIVE
- MLS#
- 50220594
- Days on Market
- 51
- Year Built
- 1963
- Price Change
- ▼ $50,000 1792700792
- Bedrooms
- 64
- Bathrooms
- 40
- Half baths
- 8
- Acres
- 1.26
- Living Area
- 39,816
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- More Than One Legal Involved
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. NO OWNER FINANCING.
Additional Information
- Heating
- Boiler
- Sewer
- Public Sanitary
- Foundation
- Basement
- Water
- Public
- School District
- Detroit City School District
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Listing Courtesy of Keller Williams Paint Creek, Office Phone: 248-609-8000
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.