Pembrooke Manor – INCOME PROPERTY ORGANIZATION

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Pembrooke Manor

Available | $1,746,500

20539 Southfield, Detroit, MI 48235.
Property Type: Multifamily
Number of Units: 35
Average Square Feet: 700
Price per Unit: $49,900
Gross Rent Multiplier: 5.45
Expense to Income Ratio: 55.45%
Debt Service Coverage: 1.43
Year One ROI: 8.19%

Listing Agents: Greg Coulter & Jason Gardner

Location

EXECUTIVE SUMMARY:

Pembrooke Manor has 35 spacious one-bedroom and one-bathroom units, each measuring 700 square feet. It was built in 1966 and is a well-maintained building with three floors and all private entrances. The seller renovated three units in 2024. Pembrooke Manor represents a well-located asset in Detroit, poised for new ownership with a value-add mentality.

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

Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio