This Multifamily Property is no longer advertised on LoopNet.com.

5900-5938 Michigan Ave
Detroit, MI 48210

Mead Apartments · Multifamily Property For Sale · 24 Units

PROPERTY FACTS

No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.56 AC
Building Size 19,563 SF
Average Occupancy 95%
No. Stories 3
Year Built 1924
Parking Ratio 2.56/1,000 SF

Unit Amenities

  • Kitchen
  • Refrigerator
  • Range
  • Patio

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Vintage Building
  • Bicycle Storage
  • Public Transportation

About 5900-5938 Michigan Ave , Detroit, MI 48210

Prime Location- Fantastic opportunity to add a truly turn-key asset to your portfolio. 5 - one bedroom and 17- 2 bedroom units have been fastidiously maintained by current owner and property manager. An additonal two commercial units below apartments. One unit is rented to Michigan appliances for over 5 years. Many long term tenants. Amenities include laundry facility, and storage area. Desirable location in Southwest Detroit. Close proximity to Corktown, Mexican Town, Hubbard Farms and Downtown Detroit.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 $475.00 590
2+1 17 $575.00 700

PROPERTY TAXES

zoning

Zoning Code CM (B-4 General Business)
  • Listing ID: 11850718

  • Date on Market: 3/9/2018

  • Last Updated:

  • Address: 5900-5938 Michigan Ave, Detroit, MI 48210