Sale Multifamily
16810 Lasher Rd, Detroit, MI 48219
- $3.6M
- 39,148 SF building
- 0 ac
Newly renovated 48 unit apartment complex in northwest Detroit. Great potential for a motivated Buyer to push to a 10%+ cap rate. 3 layer keypad security - gate, building and room. Loan assumption available as an option. Many amenities in the surrounding area (Meijer, banks, restaurants, etc.) 48 unit apartment complex - 36 units currently occupiedActuals & projected NOI included - 11.89% upside cap at askNEW current market rent of $895/moMonth-to-month tenants pay $920/mo47/48 units completely remodeled from 2018-2022Full firestone roof replacement in 2014 (25 yr warranty)
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