19143 Berg Road
Detroit, MI 48219
- – beds
- 48 baths
- 39,816 sqft
- ~1 acre lot
- $45 per sqft
- 1963 build
- – on site
Lucrative 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.
Last checked:
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Last updated Dec 22, 2024
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MLS# 20240042177 —
The Building
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Year Built:1963
-
New Construction:false
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Construction Materials:Brick
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Architectural Style:CommonEntryBuilding
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Roof:Asphalt, Rubber
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Levels:Two
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Basement:Common, Unfinished
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Basement:true
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Foundation Details:Basement, Poured
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Above Grade Finished Area:39816.0
Interior
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Fireplace:false
Room Dimensions
-
Living Area:39816.0
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Living Area Source:PublicRecords
Location
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Directions:North of 7 Mile
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Cross Street:7 Mile and Berg
The Property
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Parcel Number:W22I119370S001
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Size Acres:1.26
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Lot Size Area:1.26
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Lot Size Dimensions:Irregular
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Lot Size Units:Acres
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Zoning Description:Commercial,Multi-Family
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Fencing:Fenced
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Road Frontage Feet:241
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (248) 496-4080
- Office phone:
- (888) 501-7085
Taxes
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Tax Legal Description:W BERG N 191.2 FT OF THE S 418.9 FT OF E 1/2 OF S W 1/4 SEC 4 T 1 S R 10 E LYG W OF & ADJ BERG RD N OF & ADJ SEVEN MILE RD & E OF & ADJ RIVER ROUGE 22/--- 1.50 AC
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Tax Assessed Value:394729
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Tax Annual Amount:34207.0
Baths
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Bathrooms Total:48
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Bathrooms Full:40
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Bathrooms Half:8
Heating & Cooling
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Heating:Baseboard, NaturalGas, Steam
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Heating:true
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Cooling:WindowUnits
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Cooling:true
Utilities
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Utilities:CableAvailable
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Detroit
The Community
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Subdivision Name:MORE THAN ONE LEGAL INVOLVED
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Senior Community:false
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Pool Features:None
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Waterfront:false
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Pets Allowed:Call
Parking
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Attached Garage:false
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Parking Total:40.0
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Parking Features:ParkingLot, Paved
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
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.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/27/24
Nov 27, 2024
|
Sold Subject To Contingencies | REALCOMP | $1,799,900 |
