19143 Berg Road Detroit, MI 48219
Lucrative Investment Opportunity: Well-Established 40-Unit Apartment Building! Seeking a stable and profitable investment? Look no further than this exceptional 40-unit apartment complex located in Detroit. The property boasts a strong rental history and excellent income potential. Currently generating a gross annual income of approximately $324, 000 with a projected Net Operating Income (NOI) of $227, 000 for 2024, this investment offers proven performance. There's also significant value-add opportunity: reach full capacity and unlock even greater income. Projected gross income upon full occupancy is $432, 000. The complex caters to a wide range of renters with a diverse unit mix of spacious 2-bedroom townhouses (8 units), regular 2-bedroom units (8 units), and efficient 1-bedroom units (24 units). Landlord currently covers water, gas, and electric. Don't miss out on this income-generating gem! Showings require advanced notice to respect current tenants. Contact us today to schedule a showing and learn more about this opportunity in a desirable location. Proof of funds and/or financing is required to schedule a showing.
- Property TypeMulti-Family
- NeighborhoodMore Than One Legal Involved
- CountyWayne
- Taxes$34,207
- HOA/Condo/Coop Fees$0
- Days on Site6 Days
- MLS StatusActive
- MLS ID Number20240042177
- Home Size Source Public Records
- Year Built1963
- Lot Size1.26 Acres
- Full Baths40
- Partial Baths8
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 19143 Berg Road Detroit, MI 48219
6 days ago | |
7 days ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Style Common Entry Building
- Construction Brick
- Parking Paved
- Sewer Public Sewer
- Basement UnfinishedCommon
- Number of Stories 2
- Water Public
- Property Sub Type Multi Family
- Utilities Cable Available
- Zoning Commercial, Multi-Family
Interior Features
- Cooling Window Unit(s)
- Heating BaseboardSteamNatural Gas
- Fireplace No
Exterior Features
- Roof AsphaltRubber
- Fencing Fenced
- Spa No
- Waterfront Property No
Community Features
- Pets Call
- MLS Area Det - 6 To 8, Grnfld To Limits