407-Unit Detroit Multifamily Portfolio

19320 Greenfield Rd Detroit, MI 48235

FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$19,400,000
Last Verified:
Sep 21, 2022

Highlights

  • ​407-Unit Multifamily Portfolio
  • ​Rare Critical Mass Offering
  • ​Detroit, MI | All Locations in Close Proximity
  • ​Six Assets | Offered Free & Clear of Debt

Description

Rare ​407-Unit Multifamily Portfolio in Detroit, Michigan.

Detroit, MI

Building Size: 6sq ft
Lot Size: 0 acres

Map of 19320 Greenfield Rd, Detroit, MI, 48235

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.