Prince Hall Place Apartments – INCOME PROPERTY ORGANIZATION

Prince Hall Apartments (4) EDIT

Prince Hall Place Apartments

Available | $8,750,000

2199 Prince Hall Drive, Detroit, MI 48207
Property Type: Multifamily
Total Number of Units: 156
Price Per Unit: $56,090
Average Square Feet: 860
Gross Rent Multiplier: 5.08
Debt Service Coverage: 1.65
Cash Flow: $277,050
Year One ROI: 9.05%

Listing Agent: Greg Coulter

Location

SUMMARY:

Prince Hall Place Apartments consist of 156 units, all of which are two-bedroom apartments measuring 860 square feet. The complex is currently 94.2% occupied. Prince Hall Place Apartments offers affordable, quiet living with a community feel. The property was developed in 1989 as a Low-Income Housing Tax Credit (LIHTC) property.

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, J.D.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Managing Broker, Florida | Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio