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31735003
31735004

13660 Ohio Street, Detroit, MI 48238-2494

JS
6501302927
$725,000
51 days on market
Updated 24 days ago

13660 Ohio Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,832
Units 8
NOI $84,000
Occupancy 100%
Tenancy Multi
Price per SqFt $124
Year Built 1927
Buildings 1
Stories 2
Acreage 0.280
Zoning Commercial
Investment Type Stabilized
Ownership Standard (Private)

Multifamily | 8 Units

Marketing description

Turnkey 8-unit investment opportunity in Detroit's desirable Davison–Schoolcraft neighborhood! This well-maintained multifamily property features 100% occupancy with all units updated and leased. Each of the eight units offers 2 bedrooms and 1 full bathroom, currently generating $1,000 per month per unit, providing strong and consistent cash flow from day one. Ideally located just off Interstate 96 for easy access throughout Metro Detroit, and minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals. This location supports stable tenant demand and long-term growth potential. Whether you're expanding your portfolio or securing your first multifamily asset, this is a fully occupied, income-producing property with minimal upfront work needed. Sq.Ft source is Realist. Each unit has it's own furnace. Tenants pay electrical and gas. Landlord pays water. Buyer and BA to verify all info.

Investment highlights

  • Turnkey 8-unit investment opportunity in Detroit's desirable Davison–Schoolcraft neighborhood
  • 100% occupancy with all units updated and leased
  • Each of the eight units offers 2 bedrooms and 1 full bathroom
  • Currently generating $1,000 per month per unit, providing strong and consistent cash flow from day one
  • Ideally located just off Interstate 96 for easy access throughout Metro Detroit
  • Minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals
  • Fully occupied, income-producing property with minimal upfront work needed
  • Each unit has it's own furnace
  • Tenants pay electrical and gas. Landlord pays water

Listing Contacts

JS
6501302927

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$84,000.00
$7,000.00/mo

Valuation Metrics

0
DSCR
11.59%
Cap Rate
11.59%
ROI

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