3205 Kendall Street, Detroit, Michigan 48238

$1,350,000

Property Details

MLS#: 58050198604
Bedrooms: 25
Bathrooms: 25
Square Feet: 14,388
Price per Sqft: $94
Lot Size: 0.2 acres
Year Built: 1925
Property Type: ResidentialIncome
Status: Active
Days on Market: 16

Description

Stunning brick apartment complex located on Detroit's desirable west side in the Dexter/Linwood area. This 24-unit multifamily asset consists entirely of one-bedroom, one-bath units and is currently approximately 90% occupied, with a portion of Section 8 tenants. The property has seen several major capital improvements, including a roof approximately 5 years old, updated vinyl windows, a boiler replaced approximately 2 years ago, and a newer hot water tank. More than half of the units have been rehabilitated, offering immediate upside and reduced near-term capital expenditures. This stabilized asset operates at an impressive ~12% cap rate, generating approximately $150,000 in net annual income. An excellent opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental corridor. Serious inquiries

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 3205 Kendall Street?

3205 Kendall Street is listed at $1,350,000, or $94 per square foot.

How many bedrooms does 3205 Kendall Street have?

This property has 25 bedrooms and 25 bathrooms, with 14,388 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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