$1300000

Frenchtown Apartments
  • Units: 40
  • Cap Rate: 9.90 Percent
  • Price Paying: 38.33 sqft
  • Price Per Unit: $32,500
  • Property Type: Multi Family
  • Gross Rent Multiplier: 4.98
  • Year Built: 1974
  • Monthly Income Per Unit: $543.80
  • Expense to Income Ratio: 49.72 Percent
  • Average Square Feet: 33,920
  • Debt Service Coverage: 1.95
  • Cash Flow: 63,875
  • ROI Year One: 17.58
  • Listing Agent: Greg Coulter
  • Property Features: -
  • Interior Features: -
  • Exterior Features: -

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