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RE:  Apartment Building / 6 Units Contact:  Armen Nazarian

Quick Facts

Asking Price: $649,900
Annual Revenue: $64,200
Net Profit: Not Disclosed
Cash Flow: $54,720
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $649,900
Year Established: 1977
Employees: Not Disclosed
BBN Listing #: 580352001
Broker Reference #: 0445

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Business Overview:

This is a great opportunity to own a completely, renovated 6-unit Apartment Building in Redford, MI. Located on a busy road, owner completely stripped the interior down to the studs and completely renovated with all brand new units. New upgrades include Roof, Parking Lot, Egress Windows, Flooring, Instant Hot Water Tank’s, Deck, Lighting, Doors, New Appliances, Hard Wire Smoke Detectors & Carbon Dioxide Detectors, Plumbing, P-Tac AC/Heat Units and so much more. There are (3) Two Bedroom units and (3) Single Bedroom units. Tenant pays for electric. Great starter investment or add to your existing portfolio! This property will not last long! A must see/must have investment! Contact Armen Nazarian.

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Property Features and Assets:

This is a great opportunity to own a completely, renovated 6-unit Apartment Building in Redford, MI. Located on a busy road, owner completely stripped the interior down to the studs and completely renovated with all brand new units.

Reason for Selling:

Downsizing Portfolio.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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