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Multifamily

Deanhurst Apartments

23214 Deanhurst St, Clinton Township, MI 48035

Listing Price: Request For Offer

Number of Units
12
Occupancy
95.0%
Gross SF
9,660

Investment Overview

Marcus & Millichap is pleased to present Deanhurst Apartments located in Clinton Township Michigan. Located just south of I-94 on the recently repaved stretch of Harper Avenue giving tenants easy interstate access. Built in 1965 this brick apartment complex consists of twelve 1 bed 1 bath units at approximately 700 square feet two of which have been renovated. The property is baseboard hot water heated with one central boiler replaced in 2019. The 75 gallon Bradford White hot water heaters were both replaced within the last six years. Tenants enjoy on site laundry located in the basement along with wall mounted air conditioning in every unit. Water and gas are master metered while electricity is separately metered. Tenants currently pay for electricity while gas and water is included in rent. The property is fully occupied with a very low turnover rate. Clinton township ranks as Michigan's most populated township and 10th most populated municipality overall with a population exceeding 100,000. Median household income exceeds $55,000. Both predicted job growth and unemployment rates exceed the U.S. average. Population growth has increased in the city and the Detroit Metropolitan area provides a diverse and growing employment base. We invite you to take a look at this stabilized multifamily property well positioned for growth.

Investment Highlights

  • Below market rent.
  • Professionally managed.
  • High population density.

Exclusively Listed By

Multifamily

Deanhurst Apartments

Listing Price: Request For Offer

Number of Units
12
Occupancy
95.0%
Gross SF
9,660

Investment Highlights

  • Below market rent.
  • Professionally managed.
  • High population density.

Investment Overview

Marcus & Millichap is pleased to present Deanhurst Apartments located in Clinton Township Michigan. Located just south of I-94 on the recently repaved stretch of Harper Avenue giving tenants easy interstate access. Built in 1965 this brick apartment complex consists of twelve 1 bed 1 bath units at approximately 700 square feet two of which have been renovated. The property is baseboard hot water heated with one central boiler replaced in 2019. The 75 gallon Bradford White hot water heaters were both replaced within the last six years. Tenants enjoy on site laundry located in the basement along with wall mounted air conditioning in every unit. Water and gas are master metered while electricity is separately metered. Tenants currently pay for electricity while gas and water is included in rent. The property is fully occupied with a very low turnover rate. Clinton township ranks as Michigan's most populated township and 10th most populated municipality overall with a population exceeding 100,000. Median household income exceeds $55,000. Both predicted job growth and unemployment rates exceed the U.S. average. Population growth has increased in the city and the Detroit Metropolitan area provides a diverse and growing employment base. We invite you to take a look at this stabilized multifamily property well positioned for growth.

Exclusively Listed By

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