18701 Fitzpatrick Detroit MI 48228

Details

Introducing Stanley Manor Apartments – the ultimate investment opportunity in Detroit! Located at 18701 Fitzpatrick St, Detroit, MI 48228, this impressive 34-unit apartment building spans 26,796 square feet on a sprawling 0.77-acre lot. Boasting a solid net operating income of $149,343 and an attractive cap rate of 12.66%, this property presents a fantastic chance to generate substantial returns. With a price of $1,180,000, it offers a great value at just $44 per square foot or $34,706 per unit. Situated in a thriving neighborhood, Stanley Manor Apartments benefits from a strong demographic profile, including a total population of 391,508 in a 5-mile radius and an average household income of $43,262. Don’t miss the opportunity to own this income-generating gem!

Contact Ferris Hamama at Keystone Commercial Real Estate at 248.406.7116 or fhamama@keystonecres.com to learn more and schedule a viewing. Seize this chance to invest in Stanley Manor Apartments and secure your financial future today!