Value-Add Freestanding Apartments/ Retail Building

Highlights

• Value Add Multi-Unit Asset located at 23527–23529 Woodward Ave, Ferndale, MI
• Mixed-use building with four (4) 1-bedroom apartments on the second floor.
• 2,000 sq. ft. of Retail space on the lower level is vacant. (2 separate 1,000 sq. ft. units.)
• Potential Financial breakdown
  • Apartment 1 – $1,100/MTH
  • Apartment 2 – $1,100/ MTH
  • Apartment 3 – $1,300/ MTH
  • Apartment 4 – $1,300/ MTH
    • Potential Total Gross Income $57,600/YR
• 2 Value- add vacant storefronts offer upside rental income that front Woodward Ave