Multifamily
Elaine Lofts
5918 St Antoine, Detroit, MI 48202
Listing Price: $5,495,000
Cap Rate
7.67%
Number of Units
25
GRM
10.62
Occupancy
99.0%
Price/Unit
$219,800
Price/Gross SF
$260.77
Gross SF
21,072
Investment Overview
Unbelievable opportunity to own a completely redeveloped multifamily building near downtown Detroit. A block away from the Fisher Body Plant redevelopment, consisting of a $134 million investment.
Investment Highlights
- Completely Redevelped
- Close Proximity to Downtown Detroit
- OPRA in Place for Property Taxes Through 2032
Exclusively Listed By
Financing By
Listing Price: $5,495,000
Cap Rate
7.67%
Number of Units
25
GRM
10.62
Occupancy
99.0%
Price/Unit
$219,800
Price/Gross SF
$260.77
Gross SF
21,072
Investment Highlights
- Completely Redevelped
- Close Proximity to Downtown Detroit
- OPRA in Place for Property Taxes Through 2032
Investment Overview
Unbelievable opportunity to own a completely redeveloped multifamily building near downtown Detroit. A block away from the Fisher Body Plant redevelopment, consisting of a $134 million investment.
Exclusively Listed By
Financing By