18949-18969 Hoover
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18949-18969 Hoover
16 Unit Apartment Building $800,000 ($50,000/Unit) Detroit, MI 48205
Executive Summary
This owner has several other value-add multifamily properties in the Saginaw, Detroit, and Flint area markets. Contact us for more details on this property plus our other available properties.
Hoover Place Townhomes presents a rare investment opportunity! Located at 18949-18985 Hoover, this unique collection of 8 individual townhouse units offers 1 bedroom and 1 bathroom with private basements and off-street parking for every unit. Each unit has separate water, electrical, and gas meters, providing ease of management. Currently occupied, these units generate a steady income stream, with financial information available upon request. Plus, no interior showings are required with an accepted offer or Letter of Intent (LOI).
Hoover Place Townhomes presents a rare investment opportunity! Located at 18949-18985 Hoover, this unique collection of 8 individual townhouse units offers 1 bedroom and 1 bathroom with private basements and off-street parking for every unit. Each unit has separate water, electrical, and gas meters, providing ease of management. Currently occupied, these units generate a steady income stream, with financial information available upon request. Plus, no interior showings are required with an accepted offer or Letter of Intent (LOI).
Property Facts
| Price | $800,000 | Building Class | C |
| Price Per Unit | $50,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Low Rise |
| Price | $800,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.2/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Yard
- Basement
Site Amenities
- 24 Hour Access
- Vintage Building
- Walk To Campus
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 600 |
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zoning
| Zoning Code | Commercial |
| Commercial |
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Skyline Realty Group, LLC
18949-18969 Hoover
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