Listed by Thomas Duke Company
$315,000
12693 Westphalia St
Details
APN 21-031968
Property Type Multifamily
Sub Type Apartment Building, Mid-Rise
Square Footage 6,600
Units 7
Cap Rate 12.02%
NOI $37,853
Tenancy Multi
Year Built 1967
Stories 2
Acreage 0.180
Zoning B4
Parking Spaces 0 spaces
Investment Type Stabilized
12693 Westphalia St, Detroit, MI 48205
Marketing description
Seven (7) unit apartment building for sale in Detroit, MI.
Located on the southwest corner of Westphalia St & E McNichols Rd in Detroit, MI
Investment highlights
- 7 unit apartment building for sale
- Newer roof and balcony
- Private entry to all units
- On-site parking
- First time being offered for sale
- Contact Broker for financials
Listing Contacts
Listed by Thomas Duke Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,853.20
$3,154.43/mo
Valuation Metrics
0
DSCR
12.02%
Cap Rate
12.02%
ROI
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