About Property

15 Unit building. Property is Fully Tenanted! Building current use consist of 3 - One Bedroom Units and 6 - Bachelor Units and 6 - Studio Rooms. BONUS Vacant Lot Built-To-Suit next to Property INCLUDED. Gross Annual revenue $151,000. Annual Expenses $39k. With 6% Cap RATE. Projected Cap Rate at 8.3% Building is Located next to A State-Of-The-Art Retirement Home. Walk to Riverside Waterfront with Amazing Detroit Skyline views! Steps to Ceasers Palace, Detroit-Windsor Tunnel, VIA Rail Station, J.P. Wiser Factory. High-Tech Network System - Keyless Entry System throughout the Building and Units - No Keys Required! On-Site coin-operated Laundry Room. **EXTRAS** All Units Above-Ground. 15 Fridges, 10 Microwaves, 4 Stoves, 6 Induction Cooktops

Features