Majestic Apartments

2690 W. Boston Blvd.

Majestic Apartments

82 Units | $4,200,000

Global Real Estate Advisors are pleased to present the exclusive offering of Majestic Apartments in Detroit, MI. This four-story building was originally constructed in 1929. Majestic consists of 82 apartments units featuring 46 studio units, 34 one-bedroom units and 2 two-bedroom units. The property features tenant paid electricity, with the landlord paying for gas, water & sewer. The Majestic is close to plenty of restaurants, grocery stores, childcare and other businesses in Detroit. The property has undergone a tremendous amount of work over the last 3 years including a new EPDM Roof, New Elevator, New boiler and hot water system, exterior tuck pointing and waterproofing, lobby renovation, common area renovations, unit renovations, electric main service panel and sub panels, LED lighting and a new state of the art electric sliding gate in a recently paved asphalt parking lot.

Investment Highlights

Capital Expenditure List

  • EPDM Roof $125K
  • Elevator $350K
  • High Efficiency Boiler $95K
  • Independent Hot Water System $60K
  • Lobby Renovations $40K
  • Brick Waterproofing & Tuck Pointing $80K
  • Hallway Flooring, Painting, Lighting $85K
  • Electrical Main Service & Sub Panels $45K
  • Radiators Rehabbed with New Steam Traps $24K
  • Parking Lot Repair & Gate Installation $175K
  • Green Light Program $17K

Property Features & Highlights

New EDPM Roof, Elevator, Boiler, HE Independent Hot Water System

Gated Parking

Section 8 Approved Units
Extensive List of Capital Expenditures

Green Light Program

On-Site Office

Team

Nick Kirby

Nick Kirby

Managing Director
248.394.0000 x255