Sale: Multi-Family

19260 Collinson

19260 Collinson, Eastpointe, MI 48021

  • $179,900.00
  • 3,850 SF
  • For Sale
  • Multi-Family
  • OP16069886

Description

Currently 100% leased with strong occupancy track record. 11% cap rate! Ranch style brick building features 5 (1) bedroom and 1 (2) bedroom unit. Each unit has own front door and back door and separate electric meters. Tenant pays heat (electric baseboard).Laundry room is ready to go for additional income, just need to hookup washer/dryer. There is an attached garage that can be used for storage, maintenance, or possibly turned into an additional 7th rental unit to increase income (conceptual drawing completed). Updates include: new roof, new water heater, and 75% of units with new appliances. Good location and neighborhood - close to st. john hospital and Eastpointe Mall. Confidential sale. Do not approach tenants. Proof of funds required prior to any showing of property.

Building Details

  • 11 % Cap Rate - Apartment for Sale
  • 1
  • 1958
  • 100
  • 3,850
Presented by

Apartment Realty & Management LLC

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