$1060000

Greenfield Regency Apartments
  • Units: 73
  • Cap Rate: 8.48 Percent
  • Price Paying: -
  • Price Per Unit: -
  • Property Type: Multi Family
  • Gross Rent Multiplier: -
  • Year Built: 1966
  • Monthly Income Per Unit: $428
  • Expense to Income Ratio: 66.68 Percent
  • Average Square Feet: 41,700
  • Debt Service Coverage: -
  • Cash Flow: -
  • ROI Year One: -
  • Listing Agent: -
  • Property Features: Greenfield Regency Apartments is located off Greenfield Road just south of I-96 and just east of the Southfield Freeway. This excellent Detroit location is just minutes from downtown Detroit and within easy access of two major freeways in the area: I-96 and M-39. Greenfield Regency’s 73 units are spread across one low-rise and garden-style buildings. The community was built in 1966 and consists of a strategically diversified unit mix of three different floor plans ranging from 500 ft.2 studio units to 800 ft.2 two-bedroom/one-bath units. An attractive package of community amenities are featured including laundry facilities, and ample off-street, gated parking. The property is outfitted with a Landlord-paid hot-water baseboard heating system and the electric is separately metered and the responsibility of the tenant. Hot-water is also supplied by a boiler fed system.
  • 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