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

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