19143 Berg RD
Detroit, Wayne County
$2,450,000
64 beds · 44 baths · 39,816 sq ft · Multi-family
- Year built
- 1963
- Lot
- 1.26 acres
- Annual taxes
- $37,391
- Garage
- 0 cars
- Days on market
- 50
- MLS number
- 58050220594
Excellent investment opportunity featuring a 40-unit apartment complex consisting of two buildings on one lot. The property offers a desirable unit mix of 16 one-bedroom/one-bath units, 16 two-bedroom/one-bath units, and 8 townhouse-style two-bedroom/1.5-bath units. Currently 98% occupied with only one vacancy, providing strong occupancy and consistent rental income. Both building boilers were replaced last winter. Roofs are in solid condition and windows are well maintained. The property offers an attractive 10% cap rate and is situated in a prime location. NO OWNER FINANCING.
Keep looking in Detroit
Listing courtesy of Keller Williams Paint Creek · (248) 609-8000
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