6015 Southfield Fwy, Detroit, MI 48228

$2,750,000
48,380
SqFt

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Sold Price
$2,750,000
List Price
$3,100,000

Property Description

SUBMIT YOUR HIGHEST &BEST OFFER! Seller will review ALL offers. Welcome to the Kirkwood House Apartments, a thriving 56-unit apartment complex located at 6015 Southfield Freeway in Detroit. This exceptional investment property offers a rare combination of high occupancy rates, strong cash flow, and tremendous upside potential. With 32 one-bedroom/one-bath and 24 two-bedroom/one-bath apartments, the Kirkwood House Apartments boasts an impressive 85% occupancy rate, ensuring a stable stream of income. The property's 8.5% cap rate guarantees strong returns on investment, making it an attractive opportunity for savvy investors. This property presents a rare chance to acquire a high-performing investment in a growing market. With its prime location, experienced management team, and potential for rent growth, the Kirkwood House Apartments is an investment opportunity not to be missed.

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Calculator source: Real Geeks

Courtesy of New Way Realty Partners 2484694300

Selling Office: Keller Williams Legacy.

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