Listed by Marcus & Millichap - Detroit, Matthews
$14,495,000
Bethune Lofts
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 51,974
Net Rentable (SqFt) 51,974
Units 83
Cap Rate 6.66%
NOI $964,720
Occupancy 95%
Price per SqFt $278
Class B
Year Built 1924
Buildings 1
Acreage 0.500
Multifamily Investment | $14,495,000 | 83 Units | Detroit, MI | 6.66% Cap Rate
Investment highlights
Unit Amenities
Wide Plank Waterproof Flooring
Large, Loft Style Windows
Quartz Countertops
Commercial Style Kitchen Faucet & Disposal
Custom Glass Showers with Rain Heads
In-Unit Washer/Dryer
Energy Star Stainless Steel Appliances
Central Air Conditioning
Great Natural Light
Breathtaking Cityscape Views
Common Area Amenities
Secure Parking
Cats & Dogs Welcome Up to 50lbs
Security Cameras Inside and Outside Building
Listing Contacts
Listed by Marcus & Millichap - Detroit, Matthews
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$964,720.00
$80,393.33/mo
Valuation Metrics
0
DSCR
6.66%
Cap Rate
6.66%
ROI
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