$54,000,000 for the Michigan, Detroit, Livonia Apartments and Townhomes Complex. Appraised for $54M. 22 Acres, 500 units of prime income-producing Apartments and Townhomes for sale. Operated and family-owned by the same seller for the past 20 years. Incredible and very profitable Investment Opportunity with Guaranteed NOI of over $4,000,000 Per Year from Rental Income. Property values are appreciating. Well-positioned in heavily congested areas. Renovated Properties. High Occupancy. Please “do not disturb Tenants”.
- Asking Price:
- $54,000,000
- Sales Revenue:
- $5,200,000
- Cash Flow:
- $4,000,000
Property Information
- Real Estate:
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Real Property Included
- Premises Details:
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22 acres 500 units
Business Operation
- Reasons for selling:
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Other Investments
