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
Parcel Number | 12-00293-742 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $567,400 |
zoning
Zoning Code | B1 |
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Listing ID: 16993107
Date on Market: 8/21/2019
Last Updated:
Address: 3220-3258 W Boston Blvd, Detroit, MI 48206
The Multifamily Property at 3220-3258 W Boston Blvd, Detroit, MI 48206 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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