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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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6335 Pelham Rd , Allen Park, MI 48101
$2,200,000
Est. Payment: $4,888.89/mo
0 Bed
0 Bath
18522 Sqft
Status: Active | Days on site: 31
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House Description

Rare opportunity to acquire a well-established 24-unit multifamily investment in Allen Park, owned and operated by the same owners for nearly 40 years. Situated on approximately 1.24 acres with an impressive 556 feet of frontage, this two-story brick building offers approximately 18,522 square feet and features a desirable mix of 16 one-bedroom and 8 two-bedroom apartments. The property offers an established rental history, long-term ownership and a strong foundation for an investor looking to acquire a sizable income-producing asset. Current rents provide an opportunity for a new owner to evaluate rental rates and capture additional income potential over time. Tenant convenience is enhanced by on-site laundry facilities, while a newer boiler provides an important recent capital improvement. The property also features a full basement, municipal water and sewer, and on-site parking. Conveniently located on Pelham Road with easy access to I-94, major Downriver thoroughfares, shopping, dining and employment centers. A substantial multifamily asset with a proven rental history, desirable unit mix, on-site amenities and meaningful potential for future growth. Buyer to independently verify all information, measurements, zoning, permitted uses, leases, financials and property condition.

Highlights

Listed by Jessica Tremonti , 313-478-0819 Century 21 Curran & Oberski , 734-464-6400.

Property Type

Commercial Sale

Lot/Acreage
1.24

Year Built

1967

County

Wayne

Neighborhood

Allen Park City

School District

Allen Park

Listing ID

20261060723

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Basement
Water:Public

Exterior Features

Principal Interest
$4,889
Taxes
$2,282

Home Price

$2,200,000

Loan Details

30 yrs
%

Down Payment

20%
$440,000
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Monthly Price:
$4,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,888.89 $2,281.50 $0.00 $7,170.39
Yearly $58,666.67 $27,378.00 $0.00 $86,044.67
Total $1,760,000.00 $821,340.00 $0.00 $2,581,340.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Allen Park, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.