Investment Overview

Marcus & Millichap is proud to present the exclusive listing of Linden Apartments, located at 11 Linden in River Rouge, Michigan. With being situated right off of E Jefferson Avenue, Linden apartments are close to public transit systems and just a short drive to Interstate 75, residents are able to get anywhere in the area quickly. Linden Apartments are comprised of 14 total units including seven studio units and seven, one-bed / one-bath units. The average rent for the property is $585 per month, which is $186 below market rents. Ownership is currently achieving rents close to market on recently turned units without making any unit upgrades, but the majority rents at the property are very low. Currently residents pay for their own electricity, but water/sewer, gas and trash are included in the monthly rental charges. During the last 30 years of current ownership, the building has seen a vast number of capital improvements. Recent major capital expenditures include a new roof and boiler in the last two years as well as windows that are less than 10 years old. Additionally, the majority of the electrical panels have been updated. This property has onsite storage located in the bottom level for residents along with coin operated laundry that brings in additional income for ownership.