Park Shelton Building | 15 E Kirby St
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Park Shelton Building 15 E Kirby St
228 Unit Apartment Building For Sale Detroit, MI 48202
Executive Summary
The Trophy, Mixed-Use Asset in the Heart of Midtown Detroit receives built-in foot traffic from 228 residential condominiums above, and vast frontage along Metro Detroit's marquee retail thoroughfare, Woodward Avenue. The diversified rent roll has varying lease expirations providing a stable occupancy outlook for prospective investor. The Park Shelton Shops include 70 deeded, covered parking spaces, one of the most-scarce amenities in the City of Detroit. The current ownership group has made several property upgrades.
Property Facts
| Sale Type | Investment | Building Size | 228,000 SF |
| No. Units | 228 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 12 |
| Property Subtype | Apartment | Year Built/Renovated | 1926/2004 |
| Apartment Style | Mid Rise | Parking Ratio | 12.55/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.34 AC |
| Sale Type | Investment |
| No. Units | 228 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 228,000 SF |
| Average Occupancy | 100% |
| No. Stories | 12 |
| Year Built/Renovated | 1926/2004 |
| Parking Ratio | 12.55/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Storage Space
- Heating
- Tile Floors
- Double Vanities
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Sauna
- Security System
- Gated
- Doorman
- Roof Terrace
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 188 | - | 575 - 860 |
| 2+2 | 40 | - | 1,600 - 1,667 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 01-004235-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $288,300 |
PROPERTY TAXES
Parcel Number
01-004235-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$288,300
zoning
| Zoning Code | B-4 |
| B-4 |
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Park Shelton Building | 15 E Kirby St
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