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Nailah Commons Rowhouses 710 E Ferry St

58 Unit Apartment Building $15,901,270 CAD ($274,160 CAD/Unit) 7.53% Cap Rate Detroit, MI 48202

Apartment Buildings Michigan Detroit 710 E Ferry St, Detroit, MI 48202

Investment Highlights

  • Newly built in 2017
  • Annual rents are going up.

Executive Summary

This is a newer construction cash-flowing townhome-style apartment complex for sale. Excellently maintained.
Located in the Midtown Cultural District, Nailah Commons incorporates a newer classic townhouse style, featuring modern amenities combined with historic architectural elements. This site is located within the Art Center District of Midtown within close proximity to Peck Park, the Detroit Institute of Arts, the College for Creative Studies, the Charles H. Wright Museum, Michigan Science Center, and so much more.

Attachments

Addendum to 710 E Ferry regarding Assumption.docx (6) (1) (1)

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Price $15,901,270 CAD Apartment Style Townhome
Price Per Unit $274,160 CAD Building Class B
Sale Type Investment Building Size 39,844 SF
Cap Rate 7.53% Average Occupancy 100%
No. Units 58 No. Stories 3
Property Type Multifamily Year Built 2017
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $15,901,270 CAD
Price Per Unit $274,160 CAD
Sale Type Investment
Cap Rate 7.53%
No. Units 58
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Building Size 39,844 SF
Average Occupancy 100%
No. Stories 3
Year Built 2017
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Granite Countertops
  • Refrigerator
  • Stainless Steel Appliances
  • Yard
  • Island Kitchen

Links

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710 E Ferry St, Detroit, MI - aerial map view
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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measures access to public transit. Bike Score®
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PROPERTY TAXES

Parcel Number 03-00153-740 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $865,472 CAD

PROPERTY TAXES

Parcel Number
03-00153-740
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$865,472 CAD

zoning

Zoning Code R-3 (Multifamily)
R-3 (Multifamily)
(248) 505-2509

Contact

  • Listing ID: 26146547

  • Date on Market: 2022-07-12

  • Last Updated:

  • Address: 710 E Ferry St, Detroit, MI 48202

The Multifamily Property at 710 E Ferry St, Detroit, MI 48202 is currently available for sale. Contact Re/Max Commercial Connection for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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710 E Ferry St, Detroit, MI for sale Primary Photo- Image 2 of 4
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710 E Ferry St, Detroit, MI for sale Building Photo- Image 3 of 4
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Nailah Commons Rowhouses | 710 E Ferry St
(248) 505-2509 x

Nailah Commons Rowhouses | 710 E Ferry St

Ellen Mahoney

(248) 505-2509

(248) 505-2509

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