SUBMIT YOUR HIGHEST &BEST OFFER! Seller will review ALL offers. Welcome to the Kirkwood House Apartments, a thriving 56-unit apartment complex located at 6015 Southfield Freeway in Detroit. This exceptional investment property offers a rare combination of high occupancy rates, strong cash flow, and tremendous upside potential. With 32 one-bedroom/one-bath and 24 two-bedroom/one-bath apartments, the Kirkwood House Apartments boasts an impressive 85% occupancy rate, ensuring a stable stream of income. The property's 8.5% cap rate guarantees strong returns on investment, making it an attractive opportunity for savvy investors. This property presents a rare chance to acquire a high-performing investment in a growing market. With its prime location, experienced management team, and potential for rent growth, the Kirkwood House Apartments is an investment opportunity not to be missed.
General Information
Sale Price: $3,100,000
Price/SqFt: $64
Status: Active
MLS#: rcomi20240063629
Originating MLS: Realcomp2
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 1.6
Lot Dimensions: 630.00 x 112.00
Size: 48,380 sq.ft.
Acreage: 1.6 est.
Year Built: 1965
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $39,021 Est. Winter Taxes: $4,763
