13535 LA SALLE Boulevard, Detroit, MI 48238 - MLS#20240087297

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 999,990

Est. payment -/mo

Save

New

13535 LA SALLE Boulevard Detroit, MI 48238

15 Beds

11,075 SqFt

UPDATED:

11/20/2024 06:46 PM

Key Details

Property Type Commercial

Sub Type Apartments,Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 11,075 sqft

Price per Sqft $90

Subdivision Robert Oakmans Twelfth St (Plats)

MLS Listing ID 20240087297

Bedrooms 15

Originating Board Realcomp II Ltd

Year Built 1929

Annual Tax Amount $12,330

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 76.00 x 110.00

Property Description

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.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Commercial,Multi-Family,Residential

Direction Davison/96

Interior

Hot Water Natural Gas

Heating Radiant, Steam

Heat Source Natural Gas

Exterior

Exterior Feature Fenced

Utilities Available Carbon Monoxide Alarm(s), Security Alarm, Smoke Alarm

Waterfront no

Roof Type Tile

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 3 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W10I008797S

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Conventional, Warranty Deed

Rebuilt Year 2024

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed

Special Listing Condition Full Service

Listed by Jay Naim of EXP Realty LLC

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

GET MORE INFORMATION

QUICK SEARCH

Homes For Sale in Detroit, MI