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4742-4754 Anthony Wayne Dr
Detroit, MI 48201

Hancock Row · Multifamily Property For Sale · 9 Units

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Investment Highlights

0.3 Miles from Wayne State University
Basement with washer and dryer

Courtyard

Executive Summary

ATTRACTIVE & STABLE Nine townhouse style apartment units on WSU campus. All units have 3 br, 1.5 ba with LR,DR, Kit, Basement and rear courtyard for relaxing. Units can be divided and sold as condo units. All units have separate entrance and rear exit. Property address also includes 693,695,701,703 and 709 Hancock St. Residents pays all utilities (gas, electric and water service). City trash removal. Rent increases are possible. The owner is retiring from the rental property business.

PROPERTY FACTS

Price Per Unit	$272,222	Lot Size	0.45 AC
Sale Type	Investment	Building Size	12,658 SF
Cap Rate	7%	Average Occupancy	100%
No. Units	9	No. Stories	2
Property Type	Multifamily	Year Built	1913
Property Subtype	Apartment	Parking Ratio	0.32/1,000 SF
Apartment Style	Townhome	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price Per Unit	$272,222
Sale Type	Investment
Cap Rate	7%
No. Units	9
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Townhome
Building Class	C
Lot Size	0.45 AC
Building Size	12,658 SF
Average Occupancy	100%
No. Stories	2
Year Built	1913
Parking Ratio	0.32/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Balcony
Washer/Dryer Hookup
Heating

Bay Window
Eat-in Kitchen
Hardwood Floors

Tub/Shower
Yard
Basement

Dining Room
Garden

Site Amenities

Courtyard

Laundry Facilities

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	9	-	-

zoning

Zoning Code	N/Av, Detroit (Commercial)
N/Av, Detroit (Commercial)

Learn More About Investing in Apartment Buildings

See All Articles

Listing ID: 32160610
Date on Market: 6/17/2024
Last Updated:
Address: 4742-4754 Anthony Wayne Dr, Detroit, MI 48201

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