900 E Grand Boulevard Detroit, MI 48207
Commercial-Other
MLS #: 20251047515
Listed By CENTURY 21 Curran & Oberski
25636 Ford Road, Dearborn Heights, MI 48127
25636 Ford Road, Dearborn Heights, MI 48127
Property InformationDescription
Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of
four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at
$1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing
strong upside potential in Detroit's revitalizing Islandview / West Village corridor.
Highlights
100% occupancy with stable tenants
Below market rent - significant upside
Cap rate 8.3% with growth potential to 10%
Landlord only pays water - low expense ratio
Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit
Updated interiors and long-term tenant stability
four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at
$1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing
strong upside potential in Detroit's revitalizing Islandview / West Village corridor.
Highlights
100% occupancy with stable tenants
Below market rent - significant upside
Cap rate 8.3% with growth potential to 10%
Landlord only pays water - low expense ratio
Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit
Updated interiors and long-term tenant stability
Features
- Building Area: 4934.00 SF
- Cross Docks: N
- For Auction: N
- Garage Description: No Garage
- Industrial Ground Level: N
- MLSID: 20251047515
- Parking Places: 0
- Price Per Area: 80.06
- Price Upon Request: N
- Rail: N
- Sprinklers: N
- Style: Other Style
- Sublease: N
- Taxes: $5510.00
- Year Built: 1905
