Excellent opportunity to own and operate a 14 unit apartment building on the far west side of Detroit. An already well managed asset, this building falls on the immediate border of Redford and Dearborn Heights, and surrounding home values and rents contribute to a potentially bright future of appreciation. This property both cash flows now and has meat on the bones for rent increases that will lead to a higher NOI and ultimately a higher valuation as a result. Offering memorandum and rent roll available upon request.
Redford is located in Michigan. Redford, Michigan has a population of 53,613. Redford is less family-centric than the surrounding county with 21.82% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Redford, Michigan is $58,815. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Redford is 38.2 years.
The average high temperature in July is 83.95 degrees, with an average low temperature in January of 17.75 degrees. The average rainfall is approximately 33.9 inches per year, with 34.3 inches of snow per year.
