Penrod & Faust Apartments

Sold | $1,541,000

Detroit, MI | Units: 58 | Price Per Unit: $26,569 | Avg Sq Ft: 600 | GRM: 5.13 | DSC: 1.63 | Listing Agent: Jason Gardner

Location

Executive Summary

Penrod and Faust is situated on Joy road between Evergreen Rd and Southfield Freeway. Penrod and Faust is 1.5 miles South of I-96, 2 miles North of Ford Rd and 2.5 Miles East of Telegraph. These garden style buildings were built in 1970 and consist of an attractive mix of Fifty-Eight 600ft² one-bedroom units. The tenants pay for electricity and the landlord is responsible for water, gas and lawn and snow maintenance.