Income Property Organization has listed the 120-unit University Club Apartments in Detroit for sale.
The bid deadline for interested purchasers is Oct. 1.
Built in 1993, University Club Apartments has been meticulously maintained over the years. The community comprises 24 one-bedroom / one-bathroom units, 75 two-bedroom / one-bath units, and 21 two-bedroom / two-bathroom units. It is located just steps from Wayne State University and the Detroit Medical Center, and less than1.5 miles from the New Hudson site.
University Club recently appraised for $14.5M prior to numerous improvements that included hallways, parking lots and unit upgrades. The property also features an on-site office, clubhouse, in-unit laundry, and central air.
