20551-20555 Lahser Rd | Detroit, MI 48219
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
This Multifamily Property is no longer advertised on LoopNet.com.
20551-20555 Lahser Rd
Detroit, MI 48219
Terrace Court Apartments · Multifamily Property For Sale · 72 Units
Investment Highlights
- Two (2) two-story buildings with a unit mix of (56) one-bedroom and (16) two-bedroom apartments with average size ranging from 750 to 800 square feet.
- Value-add opportunity with an occupancy around 70%
- The property received a full renovation in 2019 and 2020, including receiving some new bathrooms, updated plumbing, some new kitchens, and much more.
- Major nearby employers include General Motors, Ford, Stellantis North America, Quicken Loans, Ally Financial, Compuware, Shinola, and more.
PROPERTY FACTS
No. Units | 72 | Building Size | 54,800 SF |
Property Type | Multifamily | Average Occupancy | 71% |
Property Subtype | Apartment | No. Stories | 2 |
Apartment Style | Low Rise | Year Built/Renovated | 1961/2020 |
Building Class | C | Parking Ratio | 1.35/1,000 SF |
Lot Size | 1.97 AC |
No. Units | 72 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 1.97 AC |
Building Size | 54,800 SF |
Average Occupancy | 71% |
No. Stories | 2 |
Year Built/Renovated | 1961/2020 |
Parking Ratio | 1.35/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Security System
- Kitchen
- Oven
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 56 | - | - |
2+1 | 16 | - | - |
Links
PROPERTY TAXES
Parcel Number | 22-11-360-00-02L | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $1,658,600 |
PROPERTY TAXES
Parcel Number
22-11-360-00-02L
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,658,600
zoning
Zoning Code | B4 (General Business District) |
B4 (General Business District) |
Learn More About Investing in Apartment Buildings
Listing ID: 20886246
Date on Market: 9/8/2020
Last Updated:
Address: 20551-20555 Lahser Rd, Detroit, MI 48219
The Detroit W of Woodward Multifamily Property at 20551-20555 Lahser Rd, Detroit, MI 48219 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS
- North Detroit Apartment Buildings
- Tireman Apartment Buildings
- Brightmoor Apartment Buildings
- Cody-Rouge Apartment Buildings
- Grandmont Apartment Buildings
- Mackenzie Apartment Buildings
- Harmony Village Apartment Buildings
- Virginia Park Apartment Buildings
- Martin Park Apartment Buildings
- Downtown Troy Apartment Buildings
- Rouge Apartment Buildings
- Midtown Detroit Apartment Buildings
- West Side Detroit Apartment Buildings
- Uptown Detroit Apartment Buildings
- East Side Detroit Apartment Buildings
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Thank you for your feedback.
Please Share Your Feedback
We welcome any feedback on how we can improve LoopNet to better serve your needs.X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.