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About the Listing 43149710 - 434076
32-unit apartment building with strong value-add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with new plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Listing Highlights
Interior Details
- Bedrooms: 44
- Bathrooms: 32 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 32934
- Below Ground Sq Ft: 11000
- Basement: Unfinished
- Other: 220 Volts,Circuit Breakers,3 Story,Hot Water,Pets Allowed
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 230X143
- Zoning: Commercial,Multi-Family
- Roof: Asphalt
- Others: Fenced,Brick,Paved,Pub. Sidewalk
- Sewer: Sewer (Sewer-Sanitary)
- Parking Features: On Street
Financial Details
- Tax Amount: $58,087
- Taxes w/Assessments: N/A
- Tax/Property ID: W21I003112S
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
14440 Frankfort St Detroit, MI 48224
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