Terra Bella – Canfield Portfolio

Sold | $2,400,000

St. Clair Shores, MI | Units: 42 | Price Per Unit: $57,143 | Avg Sq Ft: 576 | GRM: 8.65 | DSC: 1.55 | Listing Agent: Greg Coulter

Location

Executive Summary

Terra Bella Apartmentsis a well-maintained, quiet, multi-family community on the west side of Harper Avenue, two blocks north of 10 Mile road. The building was built in 1964 and contains 17 rentable units. The property is comprised of 13 one-bedroom units with approximately 550 sq.ft. of living space, and 4 two-bedroom units with approximately 750 sq.ft. of living space. The landlord is responsible for the water, gas, and electric in the common areas and the tenants are responsible for their own electric.