AN EXCEPTIONAL investment opportunity that won't last long! Built in 2003, the Alexis Manor Apartments are a quality multifamily community with beautiful landscaping located on over 2 acres of desirable land. Boasting 2 buildings with 24 2-bedroom units totaling over 21,000 sq ft of rent able space, the Alexis Manor Apartments must be seen to be appreciated. Tenant pays gas & electric. Carport and surface parking available. 10 cap rate and Section 8 approved, these units are an exceptional investment. The property contains an additional adjoining vacant lot which has a potential of retail or residential development or split off and sold. Located in Wayne, near Ford Motor Company's stamping plant, Beaumont Hospital, Metro Airport. Close to shopping and restaurants it's desirable location ensures the long-term viability and success of this picturesque property. Price includes 35330 & 35390 Van Born as well as adjacent vacant land.
An exceptional investment opportunity that won't last long! Built in 2003, the Alexis Manor Apartments are a quality multifamily community with beautiful landscaping located on over 2 acres of desirable land. Boasting 2 buildings with 24 2-bedroom units totaling over 21,000 sq ft of rentable space, the Alexis Manor Apartments must be seen to be appreciated. Tenant paid gas & electric, carport and surface parking, basement storage, 10 cap rate and Section 8 approved, these units are an exceptional investment. The property contains an additional adjoining vacant lot which can be developed or split off and sold. Located in Wayne near Ford Motor Company's stamping plant, Detroit Medical Center and Henry Ford Health System, it's desirable location ensures the long-term viability and success of this picturesque property. Price includes 35330 & 35390 Van Born as well as adjacent vacant land. Taxes listed are total taxes for all properties
MiRealSource-MiMLS #20633780
Mar 4, 2016
Sold
$1,076,000
$49/sq ft
Oct 23, 2015
Listed
$1,250,000
$57/sq ft
3 HOUR NOTICE TO SHOW PLEASE! An exceptional investment opportunity that won't last long! Built in 2003, the Alexis Manor Apartments are a quality multifamily community with beautiful landscaping located on over 2 acres of desirable land. Boasting 2 buildings with 24 2-bedroom units totaling over 21,000 sq ft of rentable space, the Alexis Manor Apartments must be seen to be appreciated. Tenant paid gas & electric, carport and surface parking, basement storage, 10 cap rate and Section 8 approved, these units are an exceptional investment. The property contains an additional adjoining vacant lot which can be developed or split off and sold. Located in Wayne near Ford Motor Company's stamping plant, Detroit Medical Center and Henry Ford Health System, it's desirable location ensures the long-term viability and success of this picturesque property. Price includes 35330 & 35390 Van Born as well as adjacent vacant land. Taxes listed are total taxes for all properties.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Year renovated
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Year built
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Style
Multi-Family (5+ Unit)
County
Wayne County
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Basement
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Last updated by owner on Nov 12, 2023.
Property details
Exterior
Property Information
Year Built: 20
Lot Information
Lot Size: 700.8813
Land Information
Acreage: 2.09
Frontage: 700
Financial
Tax/Assessments Information
Total Tax Amount: $1,410
Has Assessments
Assessments Amount: $80.13
Location
Address Information
Street Designation: Road
Location Details
Directions: 2 MILES WEST OF MERRIMAN ON VAN BORN
Municipality Type: City
Municipality: Wayne
Area (Municipality): Wayne (82083)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Wayne County
APN: —
Home facts updated by county records on Nov 12, 2023
Around this home
Schools
Roosevelt/Mcgrath Elementary School
Public K-6 • Assigned • 0.4mi
3/10
Benjamin Franklin Middle School
Public 6-11 • Assigned • 0.9mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Wayne, MI • 48184 3313
Average low and high temperatures (°F)
28
17
34
20
53
33
62
42
67
49
81
61
84
67
79
61
77
57
66
46
49
37
37
25
Jan
Feb
Mar
Apr
May
Jun
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Aug
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Oct
Nov
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Sun exposure
In this area, properties receive around 9.8 hours in
June and 2.7 hours in December, placing it below the
U.S. average for solar exposure.