Ecorse Portfolio

Sold | $1,850,000

Ecorse, MI | Units: 72 | Price Per Unit: $25,694 | Avg Sq Ft: 693 | Listing Agent: Greg Coulter

Location

Executive Summary

The Landing & River Park Apartments (72 Units) is located at 4469 High St, 4496 High St, 4581 High St., and 25 Le Blanc St, Ecorse, MI 48229. The Landing & River Park Apartments were built in 1971 – 1973 and consist of garden style apartments constructed of brick with Mansard – Pitched roofs. The property contains a unit mix of five 600 ft.2 one-bedroom units and sixty-seven 700 ft.2 two-bedroom units. Notable for investors is the large number of two bedroom units and all the units have their own furnace. The utility breakdown of this property includes tenant-paid electricity, and landlord-paid gas heat and hot and domestic water.