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$11,000,000
4240 Cass Ave, Detroit, MI 48201
0 Beds
0 Baths
56,000 sqft

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This package includes three buildings The Auburn, The Edman and Milton totaling 72 units. It also includes9,000 SF of prime retail space on the ground level of The Auburn & 97 parking spaces behind it. Located at the corner of Cass and Canfield in Midtown, therecouldn't be a better location for prime commercial and housing options in Detroit.The Miltonconsists of 6 one-bed, one bath units and The Edmanconsists of 8 two-bed, one bath units.The Auburn is a class A apartment building with over 2,000 square feet of amenity space for residents, dry-cleaning designated area, and secure Amazon box delivery.There are 54 one- bed and 4 studio units with outdoor common space for residents. The commercial space is individually metered from the residential space. The buildings tax abatement is in place through the end of 2022. This corner is in the center of one of the most desirable neighborhoods in Detroit, Midtown! Near colleges, hospitals, museums, dining and nightlife!
  • Price:
  • $11,000,000
  • Square Footage:
  • 56,000
  • Year Built:
  • 2010
  • Listing ID #:
  • 2210050355
  • Street Address:
  • 4240 Cass Ave
  • City:
  • Detroit
  • State:
  • Michigan
  • Postal Code:
  • 48201
  • County:
  • Wayne
  • Community:
  • Det Woodward-Mcclellan/So Mack
  • Listing Status:
  • Pending
  • Listing Type:
  • Commercial
  • Foundation:
  • Slab
  • Foundation Material:
  • Poured
  • Number Of 1 Bedroom Units:
  • 60
  • Number Of 2 Bedroom Units:
  • 8
  • Number Of Units:
  • 3
  • Siding:
  • Brick, Stucco/Eifs
  • Stories:
  • 3 Story
  • Total Building Square Footage:
  • 56000
  • Type Of Roof:
  • Asphalt
  • Year Built:
  • 2010
  • Business Type:
  • Residential
  • Net Operating Income:
  • 761000.00
  • Operating Expense:
  • 12000.00
  • Conforms To Zoning:
  • Multi-Family
  • Existing Land Use:
  • Multi Family Apartments
  • Road Frontage:
  • 40
  • Road Frontage Type:
  • Paved
  • Days On Market:
  • 117
  • Financing Options:
  • Cash, Conventional, Warranty Deed
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 11813.0000
  • Winter Tax:
  • 1418.0000
  • Existing Water:
  • Municipal Water
  • Heating:
  • Central Air, Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Sewer-Sanitary
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • IDX provided courtesy of Realcomp II Ltd. @properties Detroit
  • IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri-Counties and Realcomp II Ltd, ©2021 Realcomp II Ltd. Shareholders FARMHILL

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