19143 BERG ROAD
Detroit, MI 48219
39816 sqft | 44 baths | 1.26 acres | #20240042177
Description
Lucrative Investment Opportunity: Well-Established 40-Unit Apartment Building!
*Call for Offers for Monday July 1st at 3 pm.*
Seeking a stable and profitable investment? Look no further than this exceptional 40-unit apartment complex located in Detroit. The property boasts a strong rental history and excellent income potential.
Currently generating a gross annual income of approximately $324,000 with a projected Net Operating Income (NOI) of $227,000 for 2024, this investment offers proven performance. There's also significant value-add opportunity: reach full capacity and unlock even greater income. Projected gross income upon full occupancy is $432,000.
The complex caters to a wide range of renters with a diverse unit mix of spacious 2-bedroom townhouses (8 units), regular 2-bedroom units (8 units), and efficient 1-bedroom units (24 units). Landlord currently covers water, gas, and electric.
Don't miss out on this income-generating gem! Showings require advanced notice to respect current tenants. Contact us today to schedule a showing and learn more about this opportunity in a desirable location. Proof of funds and/or financing is required to schedule a showing.
Property Details
- SubdivisionMORE THAN ONE LEGAL INVOLVED
- Parking FeaturesParkingLot, Paved
- Basement DescriptionCommon, Unfinished
- FoundationBasement, Poured
- RoofAsphalt, Rubber
- Utility FeaturesCableAvailable
- Parcel NumberW22I119370S001
- CoolingWindowUnits
- Cooling FeaturesWindowUnits
- Sewer InformationPublicSewer
- MLS #20240042177
- Property SubtypeMultiFamily
- MLS #20240042177
- Original List Price$1,799,900
- School DistrictDetroit
- Taxes Annual$34,207
- Cost1799900
- Utility SourcePublic
- Square Feet39816
- CountyWayne
- Acres1.26
- Year Built1963
- PetsCall
- Bathrooms44
- Full Baths40
- Days on Market (Cumulative)99
- Half Baths8
- Stories2
- Basement1
- Basement Finished1
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Dmitriy Selektor (#282612), Email: d-selektor@usa.net
Listing Office: EXP Realty LLC (#375382)
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