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6015 SOUTHFIELD Freeway Detroit, MI 48228
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Key Details
Sold Price $2,750,000
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 48,380 sqft
Price per Sqft $56
Subdivision Rycraft Park (Plats)
MLS Listing ID 20240063629
Sold Date 12/20/24
Bedrooms 56
Originating Board Realcomp II Ltd
Year Built 1965
Annual Tax Amount $43,784
Lot Size 1.600 Acres
Acres 1.6
Lot Dimensions 630.00 x 112.00
Property Description
SUBMIT YOUR HIGHEST &BEST OFFER! Seller will review ALL offers. Welcome to the Kirkwood House Apartments, a thriving 56-unit apartment complex located at 6015 Southfield Freeway in Detroit. This exceptional investment property offers a rare combination of high occupancy rates, strong cash flow, and tremendous upside potential. With 32 one-bedroom/one-bath and 24 two-bedroom/one-bath apartments, the Kirkwood House Apartments boasts an impressive 85% occupancy rate, ensuring a stable stream of income. The property's 8.5% cap rate guarantees strong returns on investment, making it an attractive opportunity for savvy investors. This property presents a rare chance to acquire a high-performing investment in a growing market. With its prime location, experienced management team, and potential for rent growth, the Kirkwood House Apartments is an investment opportunity not to be missed.
Location
State MI
County Wayne
Area Det - Joy-Dbn Ht Grnfld-Limits
Zoning Commercial,Multi-Family
Direction Southfield Rd to Kirkwood Ave
Exterior
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I074614C28
Ownership Short Sale - No,Private Owned
Assessment Amount $100
Acceptable Financing Cash, Conventional, Owner May Carry(Purchase Money Mortgage), Quit Claims Deed, Trade/Exchange, Warranty Deed
Listing Terms Cash, Conventional, Owner May Carry(Purchase Money Mortgage), Quit Claims Deed, Trade/Exchange, Warranty Deed
Financing Cash,Conventional,Owner May Carry(Purchase Money Mortgage),Quit Claims Deed,Trade/Exchange,Warranty Deed
Special Listing Condition Full Service
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