Colonial Manor Apartments | 18045-18123 Lahser Rd
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Colonial Manor Apartments 18045-18123 Lahser Rd
48 Unit Apartment Building $2,200,000 ($45,833/Unit) Detroit, MI 48219
INVESTMENT HIGHLIGHTS
- Breakeven at 30% Occupancy
- Value-Add Opportunity
EXECUTIVE SUMMARY
49-Unit Multifamily in Detroit, MI.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $45,833 | Lot Size | 0.78 AC |
| Sale Type | Investment | Building Size | 16,676 SF |
| No. Units | 48 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 3.6/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $2,200,000 |
| Price Per Unit | $45,833 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 16,676 SF |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 3.6/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Conference Rooms
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 721 |
| 2+1 | 20 | - | 1,004 |
| 3+1 | 8 | - | 1,200 |
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PROPERTY TAXES
| Parcel Number | 22-1136857 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $477,800 |
PROPERTY TAXES
Parcel Number
22-1136857
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$477,800
ZONING
| Zoning Code | Commerical |
| Commerical |
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Colonial Manor Apartments | 18045-18123 Lahser Rd
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