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Multifamily

46411 Jefferson Ave

46411 Jefferson Ave, Chesterfield, MI 48047

Listing Price: $1,125,000

Cap Rate
5.40%
Number of Units
13
Occupancy
95.0%
Price/Unit
$86,538
Price/Gross SF
$129.31
Gross SF
8,700

Investment Overview

Marcus & Millichap is proud to present 46411 Jefferson Ave. Chesterfield, MI 48047. The property is an apartment building that was built in 1962 that has 13 units which consists of four one-bedroom units at approximately 600 square feet and nine two-bedroom units at approximately 700 square feet. Tenants are responsible for gas and electric while the landlord covers the water/sewer. The landlord currently bills back water and sewer at $15 for the one-bedroom units and $30 for the two-bedroom units. The property has forced air and is heated.

Investment Highlights

  • Several Updated Units
  • Below Market Rents
  • Upside Through Management

Exclusively Listed By

Multifamily

46411 Jefferson Ave

Listing Price: $1,125,000

Cap Rate
5.40%
Number of Units
13
Occupancy
95.0%
Price/Unit
$86,538
Price/Gross SF
$129.31
Gross SF
8,700

Investment Highlights

  • Several Updated Units
  • Below Market Rents
  • Upside Through Management

Investment Overview

Marcus & Millichap is proud to present 46411 Jefferson Ave. Chesterfield, MI 48047. The property is an apartment building that was built in 1962 that has 13 units which consists of four one-bedroom units at approximately 600 square feet and nine two-bedroom units at approximately 700 square feet. Tenants are responsible for gas and electric while the landlord covers the water/sewer. The landlord currently bills back water and sewer at $15 for the one-bedroom units and $30 for the two-bedroom units. The property has forced air and is heated.

Exclusively Listed By

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