19143 Berg Road, Detroit, MI 48219

$2,500,000
40
BA
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List Price
$2,500,000
Status
ACTIVE
Days on Market
8
MLS#
50220594
Subtype
Multi Family
Year Built
1963
Bathrooms
40
Lot Size
54,885
Acres
1.26
Subdivision
Detroit City
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Property Description

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.

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Listing courtesy of Listing Agent: Justin Zehel from Listing Office: Keller Williams Paint Creek.

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