$ 2,200,000
-
$2,200,000
Price -
1.24
Acre
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About the Listing 386552 - 364166
Rare opportunity to acquire a well-established 24-unit multifamily investment in Allen Park, owned and operated by the same owners for nearly 40 years. Situated on approximately 1.24 acres with an impressive 556 feet of frontage, this two-story brick building offers approximately 18,522 square feet and features a desirable mix of 16 one-bedroom and 8 two-bedroom apartments. The property offers an established rental history, long-term ownership and a strong foundation for an investor looking to acquire a sizable income-producing asset. Current rents provide an opportunity for a new owner to evaluate rental rates and capture additional income potential over time. Tenant convenience is enhanced by on-site laundry facilities, while a newer boiler provides an important recent capital improvement. The property also features a full basement, municipal water and sewer, and on-site parking. Conveniently located on Pelham Road with easy access to I-94, major Downriver thoroughfares, shopping, dining and employment centers. A substantial multifamily asset with a proven rental history, desirable unit mix, on-site amenities and meaningful potential for future growth. Buyer to independently verify all information, measurements, zoning, permitted uses, leases, financials and property condition.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Hot Water,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 18522
- Basement: Basement
- Other: 2 Story,Hot Water
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 566X93.67
- Zoning: Commercial
- Roof:
- Others: Brick,Paved
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $27,378
- Taxes w/Assessments: N/A
- Tax/Property ID: 30023010001000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
6335 Pelham Rd Allen Park, MI 48101
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