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28249799
28249801

7 Locations

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
TF
MI MI 6501295851
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International
$12,558,000
351 days on market
Updated 25 days ago

129-Unit Apartment Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 79,113
Units 129
Cap Rate 9.29%
NOI $1,166,661
Year Built 1924
Acreage 1.131

129 Units Multifamily Portfolio | 7 Communities | Detroit, MI

Marketing description

Introducing an exceptional investment opportunity in Detroit! This remarkable 129-unit multi-family portfolio offers a recession-proof venture with 90% Section 8 tenancy, ensuring a reliable income stream. Enjoy the benefits of efficient management, capital improvements, and on-site 24/7 security. Don't miss the opportunity to invest in this well-maintained multi-family portfolio with upside rental potential, offering a mix of unit sizes and amenities in attractive Detroit neighborhoods.

Investment highlights

129 Units | 98k SQFT | 7 Communities

Recession-Proof Investment

10-15% Annual Rent Increases

Properties Located at Prime Sites Throughout Detroit

Close to Parks, Retail, & Essential Services, Providing a Convenient Lifestyle

Fully Updated Buildings with Minimal or No Cap Ex

On-Site 24/7 Security – Cameras in Hallways, Entryways, Elevators, & Exterior Corners

Long-Time Maintenance Personnel

Tight-Knit Safe & Friendly Communities

Centrally located laundry facilities

Listing Contacts

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
TF
MI MI 6501295851
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,166,661.00
$97,221.75/mo

Valuation Metrics

0
DSCR
9.29%
Cap Rate
9.29%
ROI

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Additional Information

Name
Simon Jonna
License
MI 6501357188
Brokerage
Jonna Group | Colliers
Brokerage Phone
2482261610
Title
MI
Name
Tony Fayne
License
MI 6501295851
Brokerage
Colliers
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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