Active
13535 LA SALLE Boulevard
Detroit MI, 48238
$999,990
$90.29 per sqft
Active
11,075 sqft
Commercial
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.
20240087297
MLSⓇ ID
November 19, 2024
Listed
November 22, 2024
Updated
Map
13535 LA SALLE Boulevard
Detroit MI, 48238
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Radiant, Steam
Exterior/Building Features
Lot Size
0.19 Acres
School Information
School District
Detroit
Other Property Details
Area Name
Det: Livernois-I75 6-Gd River
Taxes
$12,330
Tax Frequency
Annually
Garage
No
View
No
County
Wayne
Pool
No
Zoning
Commercial,Multi-Family,Residential
Courtesy of EXP Realty LLC
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Data last updated 6:13 AM UTC, 11/22/2024