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Multifamily

Detroit SFH Portfolio

15006 Manning St, Detroit, MI 48205

Listing Price: $3,000,000

Cap Rate
10.51%
Number of Units
61
Price/Unit
$49,180
Price/Gross SF
$49.01
Gross SF
61,213

Investment Overview

The portfolio consists of sixty-one (61) single family homes located in a 25-mile radius. The portfolio’s prime location provides tenants direct access to numerous restaurants, retail, entertainment, and shopping. The property also provides quick access to downtown Detroit and the Ford Motor Company’s headquarters.

Investment Highlights

  • T-3 Cap Rate: 10.7%
  • T-6 Cap Rate: 9.2%
  • 61 Mixed Single Family Homes Ranging From One- Bedroom to Five- Bedroom
  • Significant Renovations Completed in Last 18 Months
  • Close Proximity to Restaurants, Entertainment and Retail Destinations
  • Close Proximity to Ford Motor Company Providing Ample Employment Opportunities

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Listing Price: $3,000,000

Cap Rate
10.51%
Number of Units
61
Price/Unit
$49,180
Price/Gross SF
$49.01
Gross SF
61,213

Investment Highlights

  • T-3 Cap Rate: 10.7%
  • T-6 Cap Rate: 9.2%
  • 61 Mixed Single Family Homes Ranging From One- Bedroom to Five- Bedroom
  • Significant Renovations Completed in Last 18 Months
  • Close Proximity to Restaurants, Entertainment and Retail Destinations
  • Close Proximity to Ford Motor Company Providing Ample Employment Opportunities

Investment Overview

The portfolio consists of sixty-one (61) single family homes located in a 25-mile radius. The portfolio’s prime location provides tenants direct access to numerous restaurants, retail, entertainment, and shopping. The property also provides quick access to downtown Detroit and the Ford Motor Company’s headquarters.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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