Prince Hall Place

Prince Hall Place
Under Contract | $8,750,000

Detroit, MI | Units: 156 | Price Per Unit: $56,090 | Avg Sq Ft: 860 | GRM: 4.45 | DSC: 2.20 | Cash Flow: 509,978.00 | Year 1 ROI: 16.65% | Listing Agent: Greg Coulter

Location

Executive Summary

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