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Michigan Detroit Levonia Apartments And Townhomes Complex

Livonia, MI, USA
Listed 59 days ago
Established 2006

$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”.

Real Estate

Real Property Included

Premises Details

22 acres 500 units

Reason for Selling

Other Investments

Financials

Asking Price
$54M
RevenueMost Recent Year
$5.2M
Earnings (SDE)Last Reported
$4M
Assets Value
Undisclosed
Seller Financing
Not available

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