Location

EXECUTIVE SUMMARY:

Colonial Gardens is well located on Inkster Road jsut North of the busy intersection of Michigan Ave. and Inkster Road. The 18-unit, two-story building is situated on 0.719 acres and was built in 1965. Colonial Gardens consists of an attractive mix of three 525 sq. ft. studio units, thirteen 575 sq. ft. one-bed/one-bath units, and two 750 sq. ft. two-bed/one-bath units. Most units have a modern kitchen, equipped with granite conters, cherry cabinets, ceramic tile, refrigerator, and stove. The bathrooms have new ceramic tile (floor to wall), new bathtub and ceramic surroundings, cherry vanities, and granite counters. The property also has a newer roof (complete tear-off), newer vinyl exterior trim, and many newer vinyl windows throughout. Notable for investors is the condition of this asset and the numerous upgrades it has received. The favorable utility breakdown of this property includes tenant paid gas-forced air furnaces, and tenant-paid electric. Water, sewer, and trash at the property are the responsibility of the Landlord.

Residents of Colonial Gardens are not far from the Fairlane Town Center, Westland Mall, The Henry Ford Historical Museum, Greenfield Village, and other attractions. Every July, Inkster hosts an annual Summer Music Festival, which features food vendors, a classic car cruise down Michigan Avenue, and great local bands. This property is only minutes away from major freeways such as I-94, I-275, and the Southfield Freeway, which grant easy access to all the amenities of downtown Detroit.

MEET OUR TEAM

GregoryDCoulter

Founder & Managing Member Michigan

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Jason Gardner

Associate Broker, Michigan

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J.J. Zwada

Associate Broker, Michigan | Broker, Indiana

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A J Beachum

Associate Broker, Michigan | Broker, Ohio

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Bruce Lister

Sales Associate Michigan and Ohio

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John Teringo

Sales Associate Michigan and Ohio

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Joseph Crane

Sales Associate Michigan

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Paul McHugh

Sales Associate Michigan and Ohio

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