25911 Michigan Avenue, Inkster, Michigan 48141
$3,010,000
Property Details
- MLS#: 20261082965
- Bedrooms: N/A
- Bathrooms: 33
- Square Feet: 22,550
- Price per Sqft: $133
- Lot Size: N/A
- Year Built: 1960
- Property Type: ResidentialIncome
- Transaction: For Sale
- Listing Status: Active
Tax and Assessment Information
Tax and assessment information is unavailable.
Description
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 entirely 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.
Location
This property is located in Inkster, Michigan. Inkster is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 25911 Michigan Avenue?
25911 Michigan Avenue is listed at $3,010,000, or $133 per square foot.
How many bedrooms does 25911 Michigan Avenue have?
This property has N/A bedrooms and 33 bathrooms, with 22,550 square feet of living space.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: info@sonicrealty.com