678 Selden St, Detroit, MI 48201
30 Unit Apartment Building | $2,200,000 ($73,333/Unit) | 8.61% Cap Rate | Detroit, MI 48201
For Sale
Active
Asking Price $2,200,000
- Property Type
-
Multifamily
- Square Feet
- 22,796 SF
Listing Contacts
Vincent Mazzola
Property Overview
The Finn Midtown is a 30-unit apartment building comprised of 22 studio units and eight one-bedroom units. Located in the heart of Midtown Detroit, one of the most walkable neighborhoods in the city with some of the strongest rent fundamentals that have seen significant increases in recent years. The Finn was originally constructed in 1927 and underwent a full renovation in 2018. Renovations included commercial-grade windows, a new roof, updated electrical systems, a modern elevator, a video door-phone entry security system, monitored fire alarms, individual HVAC units with tenant-paid electric, refinished interiors, and new cabinetry and bathrooms. These recent updates will minimize maintenance for a future owner.
Property tours will be Tuesday, August 6th from Noon - 1:30 PM and Tuesday, August 13th from Noon - 1:30 PM
Best & Final offers due by Tuesday, August 20th
Property tours will be Tuesday, August 6th from Noon - 1:30 PM and Tuesday, August 13th from Noon - 1:30 PM
Best & Final offers due by Tuesday, August 20th
Property Details
- Class
- C
- Year Built/Renovated
- 1922/2017
- Stories
- 3
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 30
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].