56 properties available
Apple Ridge is a 272-unit luxury apartment community built in 1970, totaling approximately 259,159 gross square feet, and comprised of 13 buildings with both Colonial and French Beaux Arts style architecture. Situated on 20.3 acres in a garden style setting, Apple Ridge is one of the most unique apartment communities to come to market in Michigan. Beautiful wooded grounds, lush landscaping, a community clubhouse and gorgeous swimming pool create a cheerful environment for residents.
REDUCED! Beautiful Fully Rented Brick Duplex in Booming Detroit! We pay 1st Year Property Mang! This Duplex consists of 2-Two Bedroom/1 Bath Units. The building is 1880 Square Feet and the lot is 4,356 square feet. Tenants pay all utilities. The property can be managed by an experienced Property manager who is licensed as required in Michigan and is very hands on. Rents are $900 a Month for both units ($10,800 per year) which is low for the area and both tenants are long term tenants. Seller will pay Property Manager in Advance for the first year making this a great hassle free investment! Cash Offers only will be considered! Act Now Before it's Gone! Title conveyed free & clear. Sale is contingent upon seller acquiring clear title from a third party prior to closing. Seller to refund earnest money deposit if seller is unable to clear any & all existing liens, or unable to acquire proper title, prior to closing. Sale listing is not a provided through a United States Securities Dealer or Broker or U.S. or a Foreign Investment Advisor. Sale listing is provided through a Private Investor who makes no representations or warranties. Property is sold "as is" - Do your due diligence.
Extremely Rare Offering Motel believed to be well over 65 Units. This was a previous Economy Inn Motel. Can be used as a apartment Complex or Assisted Living Facility. Perfect for Student housing for Wayne state University. Large property 170 X 300 ample parking. Motel is vacant and will need rehab. All wholesale assets are sold as is where is of course. This is a very recent previous Foreclosure and transaction will be completed by our office at NO additional closing cost to buyer. $99,000..... $8,500 EMD (Deposit) to be held by agent. Drive by showing ONLY. Buyer or Buyers agent to view/verify all and room count if desired.
Approximately 30 Units for Only 15K. These are 3 Individual Properties mixed use Commercial/Residential Properties for ONLY $15,000 FIRM. The three properties are located at, 1) 10240 Rosa Parks Blvd Detroit MI 48206, Detroit, MI 48206 2) 10332 Rosa Parks Blvd Detroit MI 48206, Detroit, MI 48206 3) 12001 Rosa Parks Blvd Detroit MI 48206, Detroit, MI 48206. We believe it to be about 12 stores with about 20 apartments. Wholesale Bulk Package Offered At $15,000. Price is Not Negotiable. These are all very recent previous Foreclosure and transaction will be completed by our office at NO additional closing cost to buyers. Properties are vacant. All will need rehab. All wholesale assets are sold as is where is of course. $5,000 EMD (Deposit) to be held by agent. Drive by showing ONLY. Buyer to view & verify all if desired too.
The Truman Apartments offer a potential investor the opportunity to own a well constructed and very well maintained apartment complex in a very desirable location. The complex built in two phases in 1973 and 1989 on 7.45 acres is made up of 58 units in five buildings. Floor plans include 1,2 and 3 bedroom apartments and townhouses. All units have individual entrances, modern appliances, separate heat, electricity and central air conditioning. The park like setting together with a private play area and basketball court are a few of the amenities offered at Truman Apartments. Minutes from major freeways, shopping and dining and close to major employers including Ford Motor Company, Chrysler Corporation, Mazda and other major industrial complexes.
59,397 SFPrice Upon Req.
324-Unit Apartment Portfolio (5) properties being sold individually or as a portfolio Well-occupied properties - Overall portfolio occupancy above 90% High-occupancy submarket
Size Upon Req.$199,000
Rectangular lot- cleared and balanced. Between 2 multifamily properties- newer condos to the East. Ready for development. Currently has a large garage on the property.
Size Upon Req.$9,200,000
61.36 acres contiguous land near Detroit Metro Airport, Sewer and water
**Photos Updated 05/23/2013** Great investment opportunity. Impressive 12% cap rate with only 4 units occupied. Asking $198,500 (negotiable). All brick, five story, 32 unit apartment building 24 x 2 Bedroom/1 Bath (approx. 1200 sq. ft.) + 8 x 1 Bedroom/1 Bath (approx. 900 sq. ft.). Building had been stripped (all windows still intact) and needs total rehab - unit/commons area renovation, boiler replacement; approx. $125-150K total rehab investment. Fenced parking lot and green space for residents. Land contract opportunity with minimum of $95K down. 5 year term. 7-10% interest rates based on credit worthiness.
Value-Added Opportunity Both of the properties possess an upside opportunity through strategic capital improvements and specialized management. Additional revenue may be achieved through the implementation of a RUBS Program. Prime Locations - These properties are conveniently situated within minutes to Detroit's Central Business District, major employment centers, entertainment venues, and shopping. Improving Market - The Michigan employment rate has increased by 3% over the past nine months. This has been the catalyst for improving apartment occupancies and operations. Current Occupancy 82% (June 2012) - Owner has implemented a new leasing program which has increased occupancy from 66% to 82% within 4 months. Occupancy is estimated to be 98% by September 2012.
Historic Lakewood Apartments has two floors housing twenty spacious units. The premises are kept very clean and well maintained. Amenities of Lakewood Apartments: Electric stoves, refrigerators Laundry on site Free parking Cable-ready Manager on site Pets allowed Lawn and Snow Removal Service Provided
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