19143 Berg Rd Detroit, MI 48219
Berg-Lahser NeighborhoodHighlights
- Lobby
- Baseboard Heating
- Fenced
- Cass Technical High School Rated 10
- Heating System Uses Steam
About This Home
As of March 2025Lucrative Investment Opportunity: Well-Established 40-Unit Apartment Building!
*Call for Offers for Monday July 1st at 3 pm.*
Seeking a stable and profitable investment? Look no further than this exceptional 40-unit apartment complex located in Detroit. The property boasts a strong rental history and excellent income potential.
Currently generating a gross annual income of approximately $324,000 with a projected Net Operating Income (NOI) of $227,000 for 2024, this investment offers proven performance. There's also significant value-add opportunity: reach full capacity and unlock even greater income. Projected gross income upon full occupancy is $432,000.
The complex caters to a wide range of renters with a diverse unit mix of spacious 2-bedroom townhouses (8 units), regular 2-bedroom units (8 units), and efficient 1-bedroom units (24 units). Landlord currently covers water, gas, and electric.
Don't miss out on this income-generating gem! Showings require advanced notice to respect current tenants. Contact us today to schedule a showing and learn more about this opportunity in a desirable location. Proof of funds and/or financing is required to schedule a showing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1963
Lot Details
- 1.26 Acre Lot
- Fenced
Home Design
- Brick Exterior Construction
- Poured Concrete
- Asphalt Roof
- Rubber Roof
Interior Spaces
- 39,816 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 40 Parking Spaces
- Paved Parking
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number W22I119370S001
Community Details
Overview
- 40 Units
- More Than One Legal Involved Subdivision
Amenities
- Lobby
Pet Policy
- Call for details about the types of pets allowed
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Sold | $1,760,000 | -2.2% | $44 / Sq Ft |
| 06/20/2024 06/20/24 | For Sale | $1,799,900 | -- | $45 / Sq Ft |
Source: Realcomp
MLS Number: 20240042177
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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