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31658483

22844 Normandy Ave, Eastpointe, MI 48021 For Sale

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
Unpriced
97 days on market
Updated 97 days ago

7 Single Family Rental Portfolio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio

Multifamily

Marketing description

• 7 stabilized single-family rental homes located across Eastpointe, Harper Woods, Warren, and Detroit within the Metro Detroit MSA

• Offered at $121,428 per unit with an attractive basis relative to replacement cost

• 7,662± total rentable square feet consisting exclusively of desirable 3-bedroom homes

• Six occupied and one vacant unit, offering near-term upside through lease-up

• Strong rental demand locations supported by affordable housing fundamentals in Metro Detroit

• Rare opportunity to acquire scale in a single transaction with operational efficiency advantages

• Priced below replacement cost

Investment highlights

• 7 stabilized single-family rental homes located across Eastpointe, Harper Woods, Warren, and Detroit within the Metro Detroit MSA

• Offered at $121,428 per unit with an attractive basis relative to replacement cost

• 7,662± total rentable square feet consisting exclusively of desirable 3-bedroom homes

• Six occupied and one vacant unit, offering near-term upside through lease-up

• Strong rental demand locations supported by affordable housing fundamentals in Metro Detroit

• Rare opportunity to acquire scale in a single transaction with operational efficiency advantages

• Priced below replacement cost

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

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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
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