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1000 Merton Rd
Detroit, MI 48203 Palmer Park

Price Upon Request

Apartments For Sale  •  19,928 SF

Property Details

  • Property Type Apartments
  • Total Building Size 19,928 SF
  • Lot Size 0.43 AC
  • Building Class C
  • Year Built 1946
  • Zoning R5
48 Transit Score
54 Walk Score

Highlights

50% of occupancy are tenants with guaranteed agency rental payments
Spacious 1 and 2 bedroom units - some with balconies.
Prime Location! Conveniently located by Palmer Park, grocers, restaurants, shopping, major freeways and bus line.

Financial Summary (Actual)

Net Operating Income: $92,902 USD (2023)
Total Expenses: $99,682 USD

Amenities

  • Balcony
  • Cable Ready
  • Laundry Facilities
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Carpet

Public Transportation

Commuter RailDriveWalkDistance
Detroit (Wolverine - Amtrak) 11 min - 5.2 mi
Royal Oak Amtrak (Wolverine - Amtrak) 14 min - 5.9 mi
AirportDriveWalkDistance
Windsor International 36 min - 17.7 mi
Detroit Metro Wayne County 40 min - 25.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes