$1853000

Cadieux Apartment Portfolio
  • Units: 109
  • Cap Rate: 10.01% Percent
  • Price Paying: -
  • Price Per Unit: $17000
  • Property Type: Multi Family
  • Gross Rent Multiplier: 3.67
  • Year Built: 1960
  • Monthly Income Per Unit: $454
  • Expense to Income Ratio: 63.22% Percent
  • Average Square Feet: 647.25
  • Debt Service Coverage: 1.97
  • Cash Flow: $107,584
  • ROI Year One: 19.74%
  • Listing Agent: Jason Gardner
  • Property Features: The Cadieux Portfolio is a mix of 5 garden style buildings & 1 California style building all located near I-94 and Gratiot North of 6 Mile Rd. These properties are comprised of mostly one bedrooms (103) at an average square foot of 650 Sq. Ft. and a few studios (6) at an average of 600 Sq. Ft.
  • Interior Features: -
  • Exterior Features: Properties are located at: 10030, 10040, 10101, 10411 Cadieux Rd; 13535 E. McNichols Rd; 13540 Greiner St; 14141 Pfent St

Location


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  • About Us

    Income Property Organization offers customized brokerage services that are designed to meet the specific needs of a wide range of clients -- private owners as well as institutional investors -- who want to buy or sell income property.
  • Contact Us

    Income Property Organization
    6421 Inkster Rd., Suite 200
    Bloomfield Hills, MI 48301
    Telephone (248) 932-0300
    Fax (248) 932-0301