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$800,000 USD
14440 Frankfort Street
Detroit, Michigan 48224
USA
Detroit, Michigan 48224
USA
3,059.569 m2 ::
32,934 sqft
Commercial for Sale, Other Commercial Property
Sale price per sqm: 261.47
Tax: 48,403 USD
Remarks:
32 unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Features:
- Year Built: 1958
Location:
14440 Frankfort Street, Detroit, Michigan 48224, USA
Listed By CENTURY 21 Curran & Oberski
The Commercial for Sale, Other Commercial Property located at 14440 Frankfort Street, Detroit, Michigan 48224, USA is currently for sale. 14440 Frankfort Street, Detroit, Michigan 48224, USA is listed for $800,000 USD. This property has 32,934 sqft. If the property located at 14440 Frankfort Street, Detroit, Michigan 48224, USA isn't what you're looking for, search Michigan Real Estate to see other Commercial For Sale in Detroit.
