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5918 Saint Antoine Street

Detroit, MI 48202
  • $6,400,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: 20221005561
UPDATED: 55 min ago
$6,400,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 36
    BATHS
  • 0
    1/2 BATHS
  • 21,072
    SQFT
  • $304
    $/SQFT
Type:
Multi-Family
Built:
1912
County:
Zoning:
Multi-Family
Lot Size Dimensions:
120.00 X 72.00

School Ratings & Info

School District:

Description

If you have been looking for a high end, low investment opportunity in tech town, look no further. This is your opportunity. Completely renovated in 2021 (cosmetics and mechanicals), this spectacular apartment building hosts a variety of floor plans with a variety of income opportunities. In fact, the opportunity is so great, every apartment is currently occupied and collecting a total monthly income over $42,000.00. Its turn key and ready for you to acquire. Over 21,000 square feet of modern living space with 25 units, and over a 6% cap rate. This building is in close proximity to several million dollars of future developments that are already planned, which will make your property value rise as the neighborhood is developed. Within one mile are several employers such as Ford Health Care, Rocket Mortgage and Blue Cross Blue Shield, just to name a few. Lastly, across the street is a planned development of 433 apartment units, along with retail, commercial, and co-working space. Showings by appointment only.

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IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-04T15:58:12.56.
www.prettyhomerealty.com/homes/129887613
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5918 Saint Antoine Street Detroit, MI 48202

  • Price: $6,400,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 55 min ago
  • ID#: 20221005561
0
Beds
36
Baths
0
½ Baths
0.2
Acres
21,072
SQFT
$304
$/SQFT
1912
Built
Neighborhood:
Wm H Brearleys Resub (Plats)
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
If you have been looking for a high end, low investment opportunity in tech town, look no further. This is your opportunity. Completely renovated in 2021 (cosmetics and mechanicals), this spectacular apartment building hosts a variety of floor plans with a variety of income opportunities. In fact, the opportunity is so great, every apartment is currently occupied and collecting a total monthly income over $42,000.00. Its turn key and ready for you to acquire. Over 21,000 square feet of modern living space with 25 units, and over a 6% cap rate. This building is in close proximity to several million dollars of future developments that are already planned, which will make your property value rise as the neighborhood is developed. Within one mile are several employers such as Ford Health Care, Rocket Mortgage and Blue Cross Blue Shield, just to name a few. Lastly, across the street is a planned development of 433 apartment units, along with retail, commercial, and co-working space. Showings by appointment only.
Exterior Features

Architecture Level 4-10 Story Architecture Style Common Entry BuildingHistoric Construction Materials Brick Foundation Details Basement Foundation Materials Brick/Mortar Lot Size Dimensions 120.00 X 72.00 Parking Total 25 Pool YN No Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 36.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Owner Sq Ft Combined 21072 Sq Ft Total Basement 7024 Unit Efficiency Number Of 1 Unit Four Bed Number Of 0 Unit One Bed Number Of 5 Unit Three Bed Number Of 0 Unit Two Bed Number Of 19

Property Features

Assessment 100.00 Existing Lease YN Yes Gross Scheduled Income 513240.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing CashConventional Monthly Rental Income 42770 Number Of Units Leased 25 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Call Postal City Detroit Protection Period 90 Rent Includes Water/SewerSnow RemovalTrash Collection (Garbage Pickup)WaterYard Maintenance Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 3007.0000 Tax Amount Winter 353.0000 Title Standard (Private) Total Tax 3360.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 5918 Saint Antoine Street Water Source Public (Municipal)Community Year Remodeled 2021 Zone Conform YN Yes Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Max Broock, Realtorsã‚®-Detroit: (313) 324-8430 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-04T15:58:12.56.
 
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