25911 Michigan Avenue, Inkster, MI 48141 2477
25911 Michigan Avenue, Inkster, MI 48141 2477
25911 Michigan Avenue, Inkster, MI 48141 2477
25911 Michigan Avenue, Inkster, MI 48141 2477
25911 Michigan Avenue, Inkster, MI 48141 2477
25911 Michigan Avenue, Inkster, MI 48141 2477
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Jackie Jones Kapuscinski

Jackie Jones Kapuscinski

+1(419) 260-2806
$ 3,010,000
Est. payment | /mo

34 Baths

22,550 SqFt

Save
$ 3,010,000
Est. payment | /mo
Save

34 Baths

22,550 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 22,550 sqft

Price per Sqft $133

Subdivision Mi

MLS Listing ID 61038502

Style 2 Story

Full Baths 32

Half Baths 2

Year Built 1960

Annual Tax Amount $55,597

Lot Size 0.880 Acres

Acres 0.88

Lot Dimensions 106 x 346

Property Sub-Type Multi-Family

Property Description

AVENUE APARTMENTS | PREMIER 32-UNIT MULTIFAMILY INVESTMENT | 100% OCCUPANCY. Thirty-two unit, fully occupied multifamily investment on the Michigan Avenue corridor in Inkster. Repositioned in 2024 through a comprehensive, down-to-the-studs renovation of the interiors and exterior, including a new roof, windows, interior rehabilitation, complete exterior modernization, and substantial capital improvements throughout the building. Operating at full occupancy, with scheduled rental income of thirty-one thousand nine hundred sixty dollars per month. The asset features a balanced mix of market-rate leases and Housing Choice Voucher contracts, providing a diversified and established income stream. The building is all-electric with NO NATURAL GAS service on site. This eliminates boiler, furnace, and gas-line maintenance from the operating budget, and consolidates the property onto a single energy source. Electric service expense are currently allocated between ownership and tenants keeping utility expense controlled.Additional opportunities for revenue enhancement include laundry operations, ancillary income streams, and potential utility expense recovery. Positioned along the Michigan Avenue corridor, the property offers convenient connectivity to Dearborn, Detroit Metropolitan Wayne County Airport, I-94, and the surrounding employment and commercial centers.

Location

State MI

County Wayne

Area Inkster (82080)

Interior

Heating Other-See Remarks

Cooling Other

Fireplace No

Exterior

Exterior Feature Brick, Vinyl Siding

Building

Story 2 Story

Foundation Slab

Water Public Water at Street

Structure Type Brick,Vinyl Siding

Schools

School District Westwood Community Schools

Others

Ownership Private

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Premier Realty Service LLC

NEARBY SCHOOLS & PROPERTIES

Jackie Jones Kapuscinski

"I am here to help you every step of the way. Whether you are a first time home buyer or an experienced home owner, my goal is to make the process stress free and help you find the home of your dreams."

+1(419) 260-2806

jackie@jackiejonesrealtor.com

1910 IndianWood Circle, Maumee, OH 43537, USA

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25911 Michigan Avenue