Fairfield Arms Apartments

Fairfield Arms Apartments
Under Contract | $2,500,000

Livonia, MI | Units: 20 | Price Per Unit: $125,000 | Avg Sq Ft: 840 | GRM: 9.64 | DSC: 1.25 | Year 1 ROI: 3.52% | Listing Agent: Greg Coulter

Location

Executive Summary

Fairfield Arms Apartments are located in Livonia, and this friendly community is within walking distance to shopping, banks, and parks. The complex was built in 1963 and has been well-maintained over the years with mature trees and landscaping. It contains 12 one-bedroom, one-bath units, each measuring 900 square feet, and 8 two-bedroom, one-bath units, each measuring 1,100 square feet.