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19143 BERG Road
Detroit MI 48219 US

$1,799,900

Pending Listing ID 20240042177
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48.00 Bath (40 Full , 8 Half)
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Lot: 1.26 Acres
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Other

$1,799,900

Pending Listing ID 20240042177
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19143 BERG Road Lucrative Investment Opportunity: Well-Established 40-Unit Apartment Building! *Call for Offers for Monday July 1st at 3 pm.* 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.

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Property Features

  • Facts
  • Lot Size: 1.26 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 40
  • 1/2 Bathrooms: 8
  • Cooling System: Window Unit(s) A/C
  • Exterior Finish: Fenced
  • Roof Type: Asphalt, Rubber
  • Heating Fuels: Baseboard, Steam

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1799900
  • unparsedaddress: 19143 BERG Road
  • postalcity: Detroit
  • stateorprovince: MI
  • country: US
  • postalcode: 48219
  • bathroomsfull: 40
  • bathroomshalf: 8
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.26
  • lotsizeunits: Acres
  • lotsizearea: 1.26
  • livingarea: 39816
  • livingareaunits: Square Feet
  • listagentfullname: Dmitriy Selektor
  • listagentemail: d-selektor@usa.net
  • listagentkey: 3yd-REALCOMPMI-282612
  • listagentmlsid: 282612
  • listagentpreferredphone: 2484964080
  • listagentofficephone: 8885017085
  • listofficekey: 3yd-REALCOMPMI-375382
  • listofficemlsid: 375382
  • disclaimer: Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: REALCOMPMI
  • yearbuilt: 1963
  • listingcontractdate: 2024-06-14
  • listagenturl: http://www.dmitriys.homeoneonline.com
  • countyorparish: Wayne
  • parcelnumber: W22I119370S001
  • elementaryschooldistrict: Detroit
  • middleorjuniorschooldistrict: Detroit
  • highschooldistrict: Detroit
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Brick
  • heating: Baseboard, Steam
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 40
  • parkingfeatures: Paved or Surfaced
  • roof: Asphalt, Rubber
  • waterfrontyn: False
  • interiorfeatures: Cable Available
  • exteriorfeatures: Fenced
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
  • utilities: Cable Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AlternatePrices":[], "BrokerName":"eXp Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"d-selektor@usa.net", "ListBrokerageCity":"Royal Oak", "ListBrokerageCountry":"US", "ListBrokerageEmail":"edward.hudson@exprealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/151/264087/20140423200110529.png", "ListBrokerageName":"eXp Realty", "ListBrokeragePhone":"(888) 501-7085", "ListBrokeragePostalCode":"48067", "ListBrokerageStateOrProvince":"MI", "ListBrokerageUnitNumber":"Suite 105b", "ListBrokerageUnparsedAddress":"811 N. Main St.", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"39555 Orchard Hill Place Ste 600", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"046884", "ListOfficeCity":"Novi", "ListOfficeCountry":"US", "ListOfficeEmail":"mi.broker@exprealty.net", "ListOfficePostalCode":"48375", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"Common Entry Building - Detroit, MI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/19145-Berg-Rd_Detroit_MI_48219_M91738-89873?f=listhub&s=REALCOMPMI&m=20240042177&c=rexren", "MLSModificationTimestamp":"2024-09-05T19:10:21Z", "Neighborhoods":[{"Description":null, "Name":"Det - 6 To 8"}, {"Description":null, "Name":"Grnfld To Limits"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":34207, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/23/2024 10:11:01 AM GMT
Source Updated Date: 9/28/2024 6:47:07 AM GMT

Courtesy of: Dmitriy Selektor, EXP Realty LLC, d-selektor@usa.net

Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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