640 W Willis St | Detroit, MI 48201
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
640 W Willis St
Detroit, MI 48201
Westwill Apartments · Multifamily Property For Sale
·
60 Units
INVESTMENT HIGHLIGHTS
- Prime location in Midtown with a unit mix of half affordable and half conventional one-bedroom and two-bedroom apartment units.
- Value-add opportunity with the building being 63%-occupied at below-market rents with in-unit A/C and on-site laundry facilities.
- The building is located within an Opportunity Zone providing tax incentives for investors with capital gains dollars.
- Midtown is one of the most successful areas in Detroit, with a residential occupancy of 96% with plenty of development happening nearby.
- Major Employers in the area include General Motors, Ford, Quicken Loans, Ally Financial, Compuware, Shinola, American Axle, Little Caesars, and more.
- Since 2006, $9 billion has been invested in downtown and surrounding neighborhoods, $5.2 billion of which was in 2013 and 2014.
PROPERTY FACTS
| No. Units | 60 | Lot Size | 0.44 AC |
| Property Type | Multifamily | Building Size | 68,694 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 2001/2023 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Zoning | M-1 - Multi-Family | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 68,694 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2001/2023 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | M-1 - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Elevator
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | - |
| 2+2 | 30 | - | - |
PROPERTY TAXES
| Parcel Number | 04-0008689 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,436,000 |
PROPERTY TAXES
Parcel Number
04-0008689
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,436,000
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
