5200 23 Mile

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30441761
Property Subtypes: Mid-Rise
Status: Pending
Number of Units: 48 Units
Building Size (RSF): 36,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.34 Acres
Sale Price: $3,350,000
Unit Price: $69,791.67 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Shelby Square Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/18/2019

Overview / Comments

One Bedroom Units: 42
Two Bedroom Units: 6
Coin Laundry Area in Each Building
Landlord Pays Water/Gas
Tenant Pays Electric
Ample on Site Parking
Income/Expense Statement Available

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb West
Tax ID/APN: 07-20-202-006, 07-20-202-005, 07-20-202-007
Zoning: MULTI FAMILY
Percent Occupied: 100%
Total Number of Buildings: 6
Property Condition: Good
Number of Stories: 2
Year Built: 1970
Roof Type: Gambrel
Construction/Siding: Brick
Parking Type: Surface
Laundry: Shared
Air Conditioning: Window Unit
Lot Frontage: 300
Lot Depth: 400
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,693 77,093 221,994
Median Age: 39.74 39.77 40.75
Households: 3,557 29,961 87,289

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