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3220-3258 W Boston Blvd
Detroit, MI 48206

West Boston Apartments · Multifamily Property For Sale · 27 Units

PROPERTY FACTS

No. Units 27
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.60 AC
Building Size 21,348 SF
Average Occupancy 85%
No. Stories 2
Year Built 1960

Unit Amenities

  • Microwave
  • Storage Space
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • Laundry Facilities

About 3220-3258 W Boston Blvd , Detroit, MI 48206

West Boston Apartments is currently performing well as is evidenced by its 85.2% occupancy. This is in large part due to the property being well managed and the Section 8 project based contract that is in place. There are four vacant units ( 3 down units and 1 that needs to be turned) which accounts for the 14.8% vacancy. Upon a thorough review of this contract, it has come to our attention that the current contract rents were increased as of March 1, 2019. A one-bedroom will be $867 which includes a $44 utility allowance and for a two bedroom the contract rents will be $1,003 which includes a $57 utility allowance. NOTE: Owner requires one apartment to be leased back to the owner for 10 Years at a market rate.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 18 - 782
2+1 9 - 887

PROPERTY TAXES

zoning

Zoning Code B1
  • Listing ID: 16993107

  • Date on Market: 8/21/2019

  • Last Updated:

  • Address: 3220-3258 W Boston Blvd, Detroit, MI 48206