This Multifamily Property is no longer advertised on LoopNet.com.
2683 Central Ave
Fully Renovated, Stabilized 10-Unit Building · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
Central Apartments is a 90% occupied 10-unit apartment building that was fully renovated between 2019-2023.
Value-add opportunity for a future buyer to add an 11th unit in the garden level.
Growing population of over 295,000 within five miles of the Central Apartments, with 56% currently choosing to rent their home.
Improvements have included 10 unit renovations, new windows, new EPDM roof, major plumbing & electrical upgrades, and a new high-efficiency boiler.
Located near the soon-to-be-completed Gordie Howe International Bridge connecting Detroit to Windsor, Canada (largest port along the Canada-US border)
PROPERTY FACTS
No. Units
10
Property Type
Multifamily
Property Subtype
Apartment
Building Class
B
Lot Size
0.40 AC
Building Size
7,795 SF
Average Occupancy
90%
No. Stories
3
Year Built/Renovated
1926/2023
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
2+1
10
-
735 - 843
PROPERTY TAXES
Parcel Number
20-004924
Improvements Assessment
$0
Land Assessment
$0
Total Assessment
$272,600
