18059 Hoover StreetDetroit City, MI 48205
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Calling all investors! 16-unit apartment complex featuring all one-bedroom, one-bath units. Extensively updated with new plumbing, updated electrical, newer windows, and brand-new furnaces. Half the units offer electric baseboard heat, while the others have individual furnaces. Tenants pay gas and electric, keeping operating costs low. Units have been renovated with updated kitchens and baths, new flooring, fresh paint, and stainless steel appliances. 90%+ occupied and generating a strong 12% cap rate. Property has completed Step 1 of the Pilot Program, with seller working toward full approval with two steps remaining. Don't miss this great investment opportunity!
| 15 hours ago | Listing first seen on site | |
| 15 hours ago | Listing updated with changes from the MLS® |
IDX provided courtesy of Realcomp II Ltd. via MiRealSource. Copyright © 2026 Realcomp II Ltd. Shareholders.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.