11371 7 Mile Rd, Detroit 48234 – 7 Unit Detroit Apartment For Sale
I have a Detroit Apartment For Sale on the Eastside. This deal is on an occupied 7 unit apartment building. 5 units are occupied and 2 units need rehab. Estimated rehab is $8K for 2 vacant units. Owner has made several improvements to the property. Once fully occupied property will have cap rate of 12%
ADDRESS: 11371 7 Mile, Detroit, MI 48234
- Asking $270K
- 7 units: Six 1BD units – One 2BD unit
- 5 units occupied: $2,575.00/month
- Two 1BD units need rehab: Estimated rehab $8K
Sold as-is. Buyer to verify all information and perform due diligence. $2500 EMD. Contact firstname.lastname@example.org to schedule a walk through.