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About the Listing 395457 - 461557
AVENUE APARTMENTS | PREMIER 32-UNIT MULTIFAMILY INVESTMENT | 100% OCCUPANCY. Thirty-two unit, fully occupied multifamily investment on the Michigan Avenue corridor in Inkster. Repositioned in 2024 through a comprehensive, down-to-the-studs renovation of the interiors and exterior, including a new roof, windows, interior rehabilitation, complete exterior modernization, and substantial capital improvements throughout the building. Operating at full occupancy, with scheduled rental income of thirty-one thousand nine hundred sixty dollars per month. The asset features a balanced mix of market-rate leases and Housing Choice Voucher contracts, providing a diversified and established income stream. The building is all-electric with NO NATURAL GAS service on site. This eliminates boiler, furnace, and gas-line maintenance from the operating budget, and consolidates the property onto a single energy source. Electric service expense are currently allocated between ownership and tenants keeping utility expense controlled.Additional opportunities for revenue enhancement include laundry operations, ancillary income streams, and potential utility expense recovery. Positioned along the Michigan Avenue corridor, the property offers convenient connectivity to Dearborn, Detroit Metropolitan Wayne County Airport, I-94, and the surrounding employment and commercial centers.
Listing Highlights for 25911 Michigan Ave
Interior Details
- Bedrooms: 34
- Bathrooms: 32 Full / 2 Half
- Appliances:
- Air Cond: ENERGY STAR® Qualified A/C Equipment
- Heating: Separate Meters
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 22550
- Basement: Slab
- Other: 2 Story,Separate Meters,Pets Allowed
- Water: Water at Street
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 106 x 346
- Zoning: Commercial,Multi-Family,Residential
- Roof:
- Others: Fenced,Brick,Vinyl,Paved
- Sewer: Sewer (Sewer-Sanitary),Sewer at Street
Financial Details
- Tax Amount: $55,597
- Taxes w/Assessments: N/A
- Tax/Property ID: 44020010008020
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
25911 Michigan Ave Inkster, MI 48141
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