Homes for sale - 6015 SOUTHFIELD Freeway, Detroit, MI 48228

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Sara Ston

sara@stonway.com +1(248) 736-5409

$3,100,000

Est. payment - /mo

56 Beds

48,380 SqFt

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UPDATED:

11/14/2024 01:44 PM

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Pending

Purchase Type For Sale

Square Footage 48,380 sqft

Price per Sqft $64

Subdivision Rycraft Park (Plats)

MLS Listing ID 20240063629

Bedrooms 56

Originating Board Realcomp II Ltd

Year Built 1965

Annual Tax Amount $43,784

Lot Size 1.600 Acres

Acres 1.6

Lot Dimensions 630.00 x 112.00

Property Description

SUBMIT YOUR HIGHEST &BEST OFFER! Seller will review ALL offers. Welcome to the Kirkwood House Apartments, a thriving 56-unit apartment complex located at 6015 Southfield Freeway in Detroit. This exceptional investment property offers a rare combination of high occupancy rates, strong cash flow, and tremendous upside potential. With 32 one-bedroom/one-bath and 24 two-bedroom/one-bath apartments, the Kirkwood House Apartments boasts an impressive 85% occupancy rate, ensuring a stable stream of income. The property's 8.5% cap rate guarantees strong returns on investment, making it an attractive opportunity for savvy investors. This property presents a rare chance to acquire a high-performing investment in a growing market. With its prime location, experienced management team, and potential for rent growth, the Kirkwood House Apartments is an investment opportunity not to be missed.

Location

State MI

County Wayne

Area Det - Joy-Dbn Ht Grnfld-Limits

Zoning Commercial,Multi-Family

Direction Southfield Rd to Kirkwood Ave

Exterior

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W22I074614C28

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Conventional, Owner May Carry(Purchase Money Mortgage), Quit Claims Deed, Trade/Exchange, Warranty Deed

Listing Terms Cash, Conventional, Owner May Carry(Purchase Money Mortgage), Quit Claims Deed, Trade/Exchange, Warranty Deed

Financing Cash,Conventional,Owner May Carry(Purchase Money Mortgage),Quit Claims Deed,Trade/Exchange,Warranty Deed

Special Listing Condition Full Service

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Listed by Rondre Brooks of New Way Realty Partners

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Sara Ston

+1(248) 736-5409

Team Leader | License ID: 391884

Team Leader License ID: 391884

6015 SOUTHFIELD Freeway Detroit, MI 48228

Sara Ston

Sara Ston

Key Details

Location

Exterior

Building

Schools

Others

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