13535 LA SALLE Boulevard, Detroit, MI 48238

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$995,000

bedrooms

bathrooms

square feet

11,075

Acreage

0.19

Open Houses

year built

1929

Full Baths

Half Baths

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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 11% 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
Subdivision	ROBERT OAKMANS TWELFTH ST (PLATS)
County	Wayne
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 20240087297

Listing agent: Jay Naim

Listing broker: Exp Realty (888) 501-7085

Last update: Saturday, February 22 2025 at 2:05 a.m. EST

Kotohomes National