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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Originating MLS:
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Data last updated 1:27 AM UTC, 11/27/2024

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