13535 LA SALLE BLVD Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48238
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 11,075 sqft
Price per Sqft $81
Subdivision Robert Oakmans Twelfth St (Plats)
MLS Listing ID 20251019653
Style CapeCod,Traditional,Victorian
Full Baths 19
Year Built 1929
Property Sub-Type MultiFamily
Property Description
Rare opportunity on this Value Add Multi Family comprised of 19 units. Full brick well maintained building in the heart of Detroit. All units have been renovated. Unit mix consists of (14) one bedroom units, (1) two bedroom units ,(4) studio units. Strong financials with a projected 12.5%+ cap rate with all 19 units rehabbed. Each hallway and common areas are updated. Each unit has its own electric meter, Plenty of crucial upgrades completed including new boiler, common area and unit renovations, and many other capital upgrades totaling 250,000. The exterior has been impeccably maintained with a newer Spanish clay tile roof on the building, newer windows, and parking available for tenants. All tenants are in great standing with management, and management is offering a one or two year transition management agreement to the new investor. Conveniently located near major highways making commuting to nearby landmarks such as Wayne State University and Downtown Detroit. Don't miss out on this amazing opportunity.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Heating NaturalGas, Radiant, Steam
Cooling WallUnits
Laundry CommonArea, LaundryRoom
Exterior
Exterior Feature Lighting, PrivateEntrance
Parking Features Lighted,ParkingLot,OnStreet
Fence Fenced, FencingAllowed
Pool None
Utilities Available AboveGroundUtilities
View Y/N No
Roof Type Rubber, Tile
Building
Foundation Basement, Block, BrickMortar
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional, WarrantyDeed
Listing Terms Cash, Conventional, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard