Active
13535 LA SALLE Boulevard
Detroit MI, 48238
$999,990
$90.29 per sqft
Active
16 Beds
19 Baths
11,075 sqft
Multi-family
Built in 1929
Rare opportunity on this Value Add Multi Family comprised of 19 units. Full brick well maintained building in the heart of Detroit. All units have been renovated. Unit mix consists of (14) one bedroom units, (1) two bedroom units ,(4) studio units. Strong financials with a projected 11% cap rate with all 19 units rehabbed. Each hallway and common areas are updated. Each unit has its own electric meter, Plenty of crucial upgrades completed including new boiler, common area and unit renovations, and many other capital upgrades totaling 250,000. The exterior has been impeccably maintained with a newer Spanish clay tile roof on the building, newer windows, and parking available for tenants. All tenants are in great standing with management, and management is offering a one or two year transition management agreement to the new investor. Conveniently located near major highways making commuting to nearby landmarks such as Wayne State University and Downtown Detroit. Don't miss out on this amazing opportunity.
20240087355
MLSⓇ ID
November 20, 2024
Listed
November 27, 2024
Updated
Map
13535 LA SALLE Boulevard
Detroit MI, 48238
Interior Features
Bedrooms
16
Total Bathrooms
19
Full Bathrooms
19
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Radiant, Steam
Exterior/Building Features
Lot Size
0.19 Acres
Exterior Features
Balcony
Architectual Style
Cape Cod, Victorian, Traditional
Roof
Rubber
School Information
School District
Detroit
Other Property Details
Area Name
Det: Livernois-I75 6-Gd River
Taxes
$12,330
Tax Frequency
Annually
Days on Market
6
Garage
No
Parking Total
25
View
No
County
Wayne
Pool
No
Zoning
Commercial,Multi-Family,Residential
Courtesy of EXP Realty LLC
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Data last updated 1:27 AM UTC, 11/27/2024