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24964559
24964582

10 Locations

HK
MI 381029
R2M Realty
Listed by R2M Realty
$2,490,000
322 days on market
Updated 152 days ago

10 Condos on Shadywood Drive in Sterling Heights-MI

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 17
Units 10
Cap Rate 9.84%
NOI $245,000
Occupancy 100%
Pro-Forma Cap Rate 6.02%
Pro-Forma NOI $150,000
Class A
Year Built 2015
Buildings 3
Parking Spaces 2 per unit
Investment Type Net Lease
Occupancy Date 12/29/2022
Ownership Private

Multifamily | 10 Units | $249,000/unit

Marketing description

A package of 10 beautiful & newly built condos are available for sale individually or as a package in the award winning Utica school district with the hot city of serling heights. all are located with in the same condo subdivision, all units are currently rented around $1950 per month with one or two years left on each lease contract, 5 units are 1st floor ranch style condos and 5 are 2nd floor ranch style condos, they all feature 2 spacious bedrooms, 2 full baths, 1-car attached garage, patio or a wood deck next to the dinning area. All units comes with lovely maple cabinets & granite countertops throughout, large storage room off laundry room, 1 car attached garage, stainless steel appliances and 3-way fireplace in the great room. The Kitchen offers plenty of space with Maple Wood Cabinets & Granite Countertops. The Stainless Steel Kitchen Appliances are all Included in the sale. All units feature a breakfast nook and dining area. The laundry room next to kitchen includes a washer & dryer. Master bedroom includes a walk-in closet and its own private bathroom. Second bedroom with a walk in closet also. Great Locations that is close to shopping, parks, medical centers, golf courses, entertainment and highways. We have one unit held vacant as sample for all buyers and investor to tour with an available tenant that ready to move into it asap.

Beautiful condo in the award winning Utica school district. 1st floor unit ranch features 2 bedrooms, 2 full baths, 1-car attached garage, patio off the kitchen, maple cabinets & granite countertops throughout, large storage room off laundry room, stainless steel kitchen appliances and 3-way fireplace in great room. The Kitchen Offers plenty of Maple Wood Cabinets & Granite Countertops, Stainless Steel Kitchen Appliances are all Included with a Breakfast Nook. Laundry room next to kitchen includes washer & dryer. Master bedroom includes a walk-in closet and its own private bathroom. Second bedroom with a walk in closet also. Great Locations that is close to shopping, parks, medical centers, golf courses, entertainment and highways. Vacant and move in ready ASAP.

For more information about the property, please contact the broker directly at 586-354-3886 or via email at [email protected]

Investment highlights


Listing Contacts

HK
MI 381029
R2M Realty
Listed by R2M Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$245,000.00
$20,416.67/mo

Valuation Metrics

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DSCR
9.84%
Cap Rate
9.84%
ROI

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Additional Information

Name
Hassan Karadsheh
License
381029
Brokerage
R2M realty
Brokerage Phone
586.354.3886
Title
REAL ESTATE BROKER
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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