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Nailah Commons
$11,000,000
710 East Ferry Street, Detroit, MI 48202
39,844 sqft
Building Size
1.92 acres
Lot Area
Details:
Description:
This is an area that is known as the Art and Cultural District of Midtown Detroit. It is very walkable and close to many attractions, such as the Detroit Institute of Arts, Charles H. Wright Museum of African American History, Bas Bleu Detroit, University Prep., Wayne State University, The Center for Creative Studies, several Medical Centers, and more.
Art and Cultural District of MIDTOWN, Detroit.
Assumable Debt for $7 M @ 4.25% 15 YEAR FIXED I/O.
95% Occupancy
Updated financials available upon request.
NEZ Certificate: https://www.michigan.gov/taxes/property/exemptions/nez/neighborhood-enterprise-zone-nez-act
Mix of 1 and 2 beds with 1.5 baths..
Most due diligence documents are dated in 2020 and to be delivered to prospective purchaser.
Underlying 15 year debt, I/O at 4.25% Loan is Assumable for qualified buyers.
Agent has updated projections available upon request.
Documents:
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| Nailah Commons (4) |
Location
Gallery
