Michigan Detroit Levonia Apartments And Townhomes Complex For Sale - Business for Sale
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500-Unit Apartment and Townhome Complex in Livonia, MI
Livonia, MI, US
Added today
Apartment and Townhome Complex Real Estate Investment
This listing is for a 500-unit apartment and townhome complex on 22 acres in Livonia, Michigan, operated by the same family for 20 years.
Key Information
Asking
$54.0M
Revenue
$5.2M
Earnings
$4.0M
Multiple
13.5x
Key Highlights
- Appraised value is $54,000,000
- Complex consists of 500 apartment and townhome units
- Property spans 22 acres
- Guaranteed NOI of over $4,000,000 per year from rental income
- Business has been operated and family-owned by the same seller for 20 years
- Located in Livonia, Michigan
Contact Info
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