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20485 Goddard St
Detroit, MI 48234
Belmont Manor Apartments · Multifamily Property For Sale
·
151 Units
PROPERTY FACTS
| No. Units | 151 | Building Size | 80,382 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 4.43 AC | ||
| Zoning | R-3, B-4 - Low Density Residential District, General Business District | ||
| No. Units | 151 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.43 AC |
| Building Size | 80,382 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | R-3, B-4 - Low Density Residential District, General Business District |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
ABOUT 20485 GODDARD ST , DETROIT, MI 48234
Belmont Manor is situated on the south side of 8 Mile Road, just east of Dequindre Road and I-75 in Detroit. This garden style community was built in 1956 and has received numerous updates in recent years including the complete rehabilitation of numerous units, new boilers, windows and parking lots. Ownership currently maintains a unit enhancement program; whereby they are upgrading units over time out of the properties existing cash-flow as tenants vacate. The continued improvements have allowed occupancy to remain high and demand is not wavering, as evidenced by the ongoing waiting list for upcoming available units. The property offers a diversified and extremely competitive unit mix comprised of 43 studios with approximately 550 ft2 of living space, 95 one-bedroom units with approximately 650 ft2 of living space and 13 two-bedroom units with approximately 750 ft2 of living space. The unit’s themselves are in excellent condition with many of the units upgraded through the aforementioned unit-upgrade program.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 43 | $515.00 | 425 |
| 1+1 | 95 | $615.00 | 600 |
| 2+1 | 13 | $715.00 | 775 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,074,700 |
PROPERTY TAXES
