Auction Sale Multi-Family Flyer - LoopNet · FOR MORE INFORMATION PLEASE CONTACT: STEVEN SILVERMAN...
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FRIEDMAN REAL ESTATE 34975 WEST TWELVE MILE ROAD FARMINGTON HILLS, MI 48331 WWW.FRIEDMANREALESTATE.COM FOR MORE INFORMATION PLEASE CONTACT: JOEL KES JOEL KESTENBERG TENBERG [email protected] eC eCODE ODE 432 432 248.32 48.324.2000 4.2000 STEVEN SIL TEVEN SILVERMAN VERMAN [email protected] INVES INVESTMENT HIGHLIGHT TMENT HIGHLIGHTS: S: • 213-unit | 6-property | multifamily portfolio in Detroit, Michigan • Substantial in-place cash flow at ±86% current occupancy across the portfolio (trending upwards) • Immediate upside potential (rents 20%+ below market) • Significant value-add potential through aggressive lease up, modernized capital improvements, and professional property management • Easy access to major freeways, interstates, bus routes, major employers, schools, shopping centers, and grocery stores • Centrally located in the greater Metropolitan Detroit area • As Assets will be sold t sets will be sold together as a portf ogether as a portfolio via T olio via Ten-X. en-X.com om Oct October 28 t ober 28 to Oct o October 30 ober 30, 20 , 2019 19 The information provided herein along with any attachment(s) was obtained from sources believed to be reliable, however, Friedman Real Estate makes no guarantees, warranties, or representations as to the completeness or accuracy of such information and legal counsel is advised. All information provided is subject to verification and no liability for reliance on such information or errors or omissions is assumed. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. Copyright © 2019 Friedman Real Estate. All rights reserved. AUCTION D UCTION DATE OCT TE OCTOBER 28- OBER 28-30 30, 20 , 2019 | A 19 | AUCTION SITE: UCTION SITE: WWW.FRIEDMANA .FRIEDMANAUCTION. UCTION.COM/213-UNIT OM/213-UNITS-DETROIT S-DETROIT-MUL -MULTIF TIFAMIL AMILY AUCTION S UCTION SALE ALE 213-UNIT MULTI-FAMILY PORTFOLIO 6 PROPERTIES DETROIT, MI 48228
Transcript of Auction Sale Multi-Family Flyer - LoopNet · FOR MORE INFORMATION PLEASE CONTACT: STEVEN SILVERMAN...
FRIEDMAN REAL ESTATE 34975 WEST TWELVE MILE ROAD FARMINGTON HILLS, MI 48331 WWW.FRIEDMANREALESTATE.COM
F O R M O R E I N F O R M AT I O N P L E A S E CO N TAC T:
JOEL KESJOEL [email protected]
eCeCODEODE 4324322248.3248.324.20004.2000
SSTEVEN SILTEVEN [email protected]
I N V E SI N V E ST M E N T H I G H L I G H TT M E N T H I G H L I G H TS :S :
• 213-unit | 6-property | multifamily portfolio in Detroit,
Michigan
• Substantial in-place cash flow at ±86% current occupancy
across the portfolio (trending upwards)
• Immediate upside potential (rents 20%+ below market)
• Significant value-add potential through aggressive lease
up, modernized capital improvements, and professional
property management
• Easy access to major freeways, interstates, bus routes,
major employers, schools, shopping centers, and grocery
stores
• Centrally located in the greater Metropolitan Detroit area
• AsAssets will be sold tsets will be sold together as a portfogether as a portfolio via Tolio via Ten-X.en-X.ccomomOctOctober 28 tober 28 to Octo October 30ober 30, 20, 201919
The information provided herein along with any attachment(s) was obtained from sources believed to be reliable, however, Friedman RealEstate makes no guarantees, warranties, or representations as to the completeness or accuracy of such information and legal counsel isadvised. All information provided is subject to verification and no liability for reliance on such information or errors or omissions isassumed. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, orwithdrawal without notice. Copyright © 2019 Friedman Real Estate. All rights reserved.
AA U C T I O N DU C T I O N D AAT E O C TT E O C T O B E R 2 8 -O B E R 2 8 - 3 03 0 , 2 0, 2 0 1 9 | A1 9 | A U C T I O N S I T E :U C T I O N S I T E : WW WW WW. F R I E D M A N A. F R I E D M A N A U C T I O N .U C T I O N . CC O M / 2 1 3 - U N I TO M / 2 1 3 - U N I T S - D E T R O I TS - D E T R O I T- M U L- M U LT I FT I FA M I LA M I LYY
AAUCTION SUCTION SALEALE2 1 3 - U N I T M U LT I - FA M I LY P O R T F O L I O6 P R O P E R T I E SD E T R O I T, M I 4 8 2 2 8
F O R M O R E I N F O R M AT I O N P L E A S E CO N TAC T:
SSTEVEN SILTEVEN SILVERMANVERMAN [email protected]
JOEL KESJOEL KESTENBERGTENBERG [email protected]
2248.3248.324.20004.2000eCeCODEODE 432432
FRIEDMAN REAL ESTATE 34975 WEST TWELVE MILE ROAD FARMINGTON HILLS, MI 48331 WWW.FRIEDMANREALESTATE.COM
3 MILES3 MILES 5 MILES5 MILES 10 MILES10 MILES
Total Households 61,762 153,349 519,626
Total Population 164,951 392,352 1,240,000
Average HH Income $39,382 $44,757 $58,628
Daytime Employees 30,385 123,213 545,061
DEMOGRAPHICSDEMOGRAPHICS
EMPLEMPLOOYERYER # OF EMPL# OF EMPLOOYEESYEES
Ford Motor Co. 44,598
FCA US Llc 33,657
General Motors Co. 32,353
University of Michigan 30,852
MAJOR AREA EMPLMAJOR AREA EMPLOOYERSYERS
AAUCTION SUCTION SALEALE2 1 3 - U N I T M U LT I - FA M I LY P O R T F O L I O6 P R O P E R T I E SD E T R O I T, M I 4 8 2 2 8
