$895000

Cooper Townhomes
  • Units: 12
  • Cap Rate: 8.11 Percent
  • Price Paying: 71.95 sqft
  • Price Per Unit: $74,583
  • Property Type: Multi Family
  • Gross Rent Multiplier: 7.32
  • Year Built: -
  • Monthly Income Per Unit: $863
  • Expense to Income Ratio: -
  • Average Square Feet: 1,037
  • Debt Service Coverage: 1.82
  • Cash Flow: $32,744
  • ROI Year One: 14.63
  • Listing Agent: Paul McHugh, J.D.
  • Property Features: -
  • Interior Features: -
  • Exterior Features: -

Cooper Townhomes are a well-maintained community of two buildings, all two story walk-up with private entrances and full basements, right off Cooper Road and nestled up against a quiet residential neighborhood. The townhomes are quite large, and the mix contains 4 two-bedroom, one bath townhomes (900 sq ft) and 8 two-bedroom, two and one half bath townhomes (1,105 sq ft). Each townhome also has a full basement.
Cooper Townhomes was built in 1981 with a poured concrete and concrete block basement, and has undergone various recent updates including newer furnaces. The HVAC is outfitted with Tenant-paid gas-forced air furnaces and Central Air for all twelve townhomes; tenant-paid hot-water; and Tenant-paid electricity. Gas, electricity, and water are separately metered. Amenities include private, partially fenced-in patios with a small backyard.

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