19143 BERG ROAD
Detroit, MI 48219
39816 sqft | 44 baths | #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.
Interior Details
- HeatingBaseboard, Steam
- CoolingWindow Unit(s)
Beds & Baths
- Total Baths40.80
- Bathrooms44
- Full Baths40
- Half Baths8
Property Details
- Exterior FeaturesFenced
Measurements
- Square Feet39816
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1963
Community and Neighborhood Details
- ZoningCommercial, Multi-Family
- School DistrictDetroit
- RegionDetroit
- CountyWayne
Financial Details
- Original List Price$1,799,900
Other
- MLS #20240042177
Location
Legal
Notice: This listing provided courtesy of Realcomp IDX (REALCOMP). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.
Listing Courtesy
Listing Agent: Dmitriy Selektor (#282612)
Listing Office: EXP Realty LLC (#375382)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
