Z on Devon – INCOME PROPERTY ORGANIZATION

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Ryan Portfolio

UNDER CONTRACT

19452, 19454, 19600, 19602, &
19605 Ryan Road, Detroit, MI 48234
Property Type: Multifamily
Number of Units: 5
Price Per Unit: $75,980
Average Square Feet: 1081
Gross Rent Multiplier: 6.61
Expense to Income Ratio: 31.65%
Debt Service Coverage: 1.63
Cash Flow: $15,136
Year One ROI: 15.94%

Listing Agent: Bruce Lister

Location

EXECUTIVE SUMMARY:

This property boasts of 9 one-bedroom and one-bath units, each measuring 550 square feet, 4 two-bedroom and one-bath units, each measuring 650 square feet, & 1 three-bedroom and one bath apartment measuring 750 square feet. Z on Devon Apartments was built in 1953/1957. Currently Z on Devon Apartments is operating at 92.9% physical occupancy.

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, J.D.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio