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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

Multifamily

Elaine Lofts

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

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