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Nathaniel Richards

nate@reagentnathaniel.com +1(734) 299-1209

$ 3,010,000

Est. payment | -/mo

34 Baths

0.88 Acres Lot

Save

$ 3,010,000

Est. payment | -/mo

Save

34 Baths

0.88 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Inkster City

Subdivision Inkster City

MLS Listing ID 20261082965

HOA Y/N true

Year Built 1960

Annual Tax Amount $55,597

Lot Size 0.880 Acres

Acres 0.88

Lot Dimensions 106 x 346

Source Realcomp

Property Description

AVENUE APARTMENTS | PREMIER 32-UNIT MULTIFAMILY INVESTMENT | 100% OCCUPANCY. Thirty-two unit, fully occupied multifamily investment on the Michigan Avenue corridor in Inkster. Repositioned in 2024 through a comprehensive, down-to-the-studs renovation of the interiors and exterior, including a new roof, windows, interior rehabilitation, complete exterior modernization, and substantial capital improvements throughout the building. Operating at full occupancy, with scheduled rental income of thirty-one thousand nine hundred sixty dollars per month. The asset features a balanced mix of market-rate leases and Housing Choice Voucher contracts, providing a diversified and established income stream. The building is all-electric with NO NATURAL GAS service on site. This eliminates boiler, furnace, and gas-line maintenance from the operating budget, and consolidates the property onto a single energy source. Electric service expense are currently allocated between ownership and tenants keeping utility expense controlled.Additional opportunities for revenue enhancement include laundry operations, ancillary income streams, and potential utility expense recovery. Positioned along the Michigan Avenue corridor, the property offers convenient connectivity to Dearborn, Detroit Metropolitan Wayne County Airport, I-94, and the surrounding employment and commercial centers.

Location

State MI

County Wayne

Zoning Commercial,Multi-Family,R

Direction From Beech Daly Road, head west on Michigan Avenue (US-12). Continue toward John Daly Road. Property is located at 25911 Michigan Avenue, Inkster, MI 48141, along the Michigan Avenue commercial corridor.

Rooms

Basement Slab

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Structure Type Brick,Vinyl Siding

Schools

School District Westwood

Others

Tax ID 44020010008020

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Premier Realty Service LLC

Schools and Properties Nearby

Nathaniel Richards

Realtor License ID: 6501446715

+1(734) 299-1209 | nate@reagentnathaniel.com

25911 Michigan Avenue Inkster, MI 48141

Nathaniel Richards

Key Details

Location

Rooms

Exterior

Building

Schools

Others

Learn More About LPT Realty

25911 Michigan Avenue