This exceptional 12-unit apartment building, located at 23214 Deanhurst St in Clinton Township, Michigan, presents a lucrative investment opportunity. Boasting a total of 9,660 square feet, this ten-story building sits on a 0.71-acre lot and offers ample parking with 100 spaces. Constructed in 1965 and extensively renovated in 2024, the property is in excellent condition. Each of the twelve units is a one-bedroom apartment, featuring updated kitchens and bathrooms, new flooring, and upgraded heating systems. The entire building has been freshly painted and meticulously maintained. The property is zoned for multi-family use, ensuring its continued viability as a rental property. The asking price is $1,299,900. The property's APN is 1135404068. This is a turnkey investment, ready for immediate income generation. Given the recent renovations and strong rental demand in the area, this property offers a compelling return on investment. Serious inquiries only; please schedule showings with respect for current tenants' privacy. Located in Macomb County, Michigan, with a zip code of 48035, this property benefits from a convenient location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$7,331,635
Hospitality
$6,715,738
Educational
$5,587,416
Medical
$5,779,575
Retail
$8,691,535
Location Insight
City
Clinton Township
County
Macomb
State
Michigan
Latitude
42.545
Longitude
-82.8771
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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