$450000

Jefferson North Apartments
  • Units: 8
  • Cap Rate: 7.33 Percent
  • Price Paying: -
  • Price Per Unit: $56250
  • Property Type: Multi Family
  • Gross Rent Multiplier: 8.17
  • Year Built: 1966
  • Monthly Income Per Unit: $573.65
  • Expense to Income Ratio: -
  • Average Square Feet: 769
  • Debt Service Coverage: 1.45
  • Cash Flow: $10,248
  • ROI Year One: 9.11%
  • Listing Agent: Greg Coulter
  • Property Features: -
  • Interior Features: -
  • Exterior Features: -

Jefferson North is a well-maintained building consisting of eight apartments on two floors with private exterior entryways. The apartment building contains 7 one-bedroom units and 1 three-bedroom unit.
Jefferson North was built in 1966 with a solid concrete slab, and has undergone various updates since its creation. The HVAC is outfitted with landlord-paid gas, hot-water baseboard heat and separately-metered electricity and sleeve A/C units for all eight apartments. Landlord pays for domestic water only.

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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