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On-site laundry and storage Less than 1 mile from I-94 Small garage for Landlord use Rents increase to $570 per month on 3/1/15
On-site laundry and storage Less than 1 mile from I-94 Rents increase to $570 per month on 3/1/15
Buy one for $59,900 or all Immediate occupancy, month to month leases on all. Seller will look at all offers. Land contracts available.
Kelly Gardens is comprised of 16-large 800 Sq. Ft. one-bedroom units and 16-large 850 Sq. Ft. two-bedroom units that include individual storage lockers in the basement. Also located in the basement are landlord-owned laundry machines. The complex was built in 1967 and is located less than ½ mile from the intersection of Kelly Rd. and East 9 Mile Rd. Over the course of the last couple of years, the common area hallways have all been updated. Historically, Kelly Gardens has performed exceptionally well and continually operates at or near 100% occupancy- as is the case today. An Attractive aspect of the property is the average rental rates of $660 in addition to collections that are near 100% each month. Kelly Gardens is located in close proximity to local and national retailers as well as local bus lines. . The projected NOI of $100,826 nearly mirrors the 2014 Financial Statements. With current lending parameters an investor can expect an initial return to exceed 12%. Many operating expenses such as insurance costs can be lowered leaving significant upside to a potential investor.
GREAT INVESTMENT OPPORTUNITY. VERY WELL MAINTAINED ALL BRICK 8 UNIT APARTMENT COMPLEX. 100% LEASED. GREAT LOCATION! NEWER ROOF & CONCRETE. GARBAGE PICK UP IS $40.00/MONTH. 2 WASHERS AND DRYERS. BASEMENT. 1 CASH TENANT HAS BEEN THERE FOR 6 YEARS.
GREAT INVESTMENT OPPORTUNITY. 8 UNIT APARTMENT BUILDING, 100% LEASED. PRESTINE ALL BRICK BUILDING. AMPLE PARKING IN BACK. (7) 1 BEDROOM UNITS APPROXIMATELY 650 SQ FT UNITS. (1) 2 BEDROOM UNIT APPROXIMATELY 740 SQ FT. TENANTS HAVE OWN STORAGE IN BASEMENT. INCLUDES OFFICE/STORAGE UNIT FOR OWNER. WASHER & DRYER MAKES APPROXIMATELY $130.00/MONTH. NEWER ROOF (2003). LONG TERM TENANTS. VERY WELL MAINTAINED.
GREAT INVESTMENT OPPORTUNITY! 6 UNIT APARTMENT BUILDING 100% LEASED. LONG TERM TENANTS. (3) 1 BEDROOM UNITS APPROXIMATELY 700 SQ FT UNITS, (3) 2 BEDROOM UNITS APPROXIMATELY 780 SQ FT UNITS. LANDLORD PAYS FOR UTILITIES. CARPORT & BASEMENT STORAGE FOR TENANTS. INCLUDES OFFICE/STORAGE UNIT FOR OWNER. WASHER & DRYER MAKE APPROXIMATELY $100.00/MONTH. VERY WELL MAINTAINED BUILDING. BRING OFFERS!
GREAT INVESTMENT! BEAUTIFUL ALL BRICK 6 UNIT APARTMENT BUILDING. 100% OCCUPIED. NEWER ROOF (2010). 1 WASHER, 2 DRYERS. 2 TENANTS ARE PAYING CASH, ONE HAS BEEN THERE FOR 2 YEARS, THE OTHER 4 YEARS. VERY WELL MAINTAINED. PRICED TO SELL!