Garden City Apartments
$1,672,501
30546 Krauter St, Garden City, MI 48135
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 06/06/2025
10,588 sqft
Building Size
0.63 acres
Lot Area
Details:
Building Size: 10,588 sqft
Lot Area: 0.63 acres
Units: 13
Year Built: 1977
Floors: 2
Highlights:
- 13-Unit
- 100% Occupied
- NOI: $117,075.09 | 7.00% CAP Rate
Description:
Multifamily Investment Opportunity in Garden City, MI. Located at 30468-30546 Krauter Avenue, features a fully occupied 13-unit complex covering 10,588 sq. ft. on a 0.63-acre lot, offered at $1,672,501 with a 7.00% cap rate. Ideal for investors seeking solid returns in well-established residential area with strong community ties and easy access to Detroit’s amenities.
Garden City is a family-friendly suburb of Detroit, known for its close-knit community and accessible local amenities. With its parks, schools, and shopping centers, it offers a small-town atmosphere while being just a short drive from the urban conveniences of downtown Detroit.
Location
