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Key Facts
Key facts for 279 Drouillard Road
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 15 parking
MLS #
X12118124
Size
5000 + sqft
Basement
None
Listed on
2025-05-01
Lot size
80 x 102.0
Tax
$8,410 /yr
Days on Market
110
Approximate Age
-
Maintenance Fee
-
Description
15 Unit building. Property is Fully Tenanted! Building current use consist of 3 - One Bedroom Units and 6 - Bachelor Units and 6 - Studio Rooms. BONUS Vacant Lot Built-To-Suit next to Property INCLUDED. Gross Annual revenue $151,000. Annual Expenses $39k. With 6% Cap RATE. Projected Cap Rate at 8.3...% Building is Located next to A State-Of-The-Art Retirement Home. Walk to Riverside Waterfront with Amazing Detroit Skyline views! Steps to Ceasers Palace, Detroit-Windsor Tunnel, VIA Rail Station, J.P. Wiser Factory. High-Tech Network System - Keyless Entry System throughout the Building and Units - No Keys Required! On-Site coin-operated Laundry Room. **EXTRAS** All Units Above-Ground. 15 Fridges, 10 Microwaves, 4 Stoves, 6 Induction Cooktops
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