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19625 Conant St | Detroit, MI 48234
24-Unit Multifamily | In-Place Cash Flow | Reported NOI $177,404
Offering Summary
19625 Conant St is a 24-unit multifamily apartment building located in Detroit, Michigan. The asset is positioned for lenders and equity investors seeking in-place income with a straightforward operating profile suitable for credit committee and institutional review.
This property represents a compelling opportunity for institutional buyers and lenders looking for stabilized cash flow in the Detroit market with transparent operating metrics and clear underwriting fundamentals.
Executive Snapshot
Asset Type
Multifamily Apartment Building
Units
24
Year Built
1958
Building Size
13,097 SF
Lot Size
21,298 SF (±0.48 Acres)
APN
09008535-42
Zoning
B4 – General Commercial (City of Detroit)
Purchase Price
$2,500,000
Asset Overview
The property consists of 24 apartment units in a 1958-built multifamily structure totaling 13,097 square feet on an approximately 0.48-acre parcel. The offering supports current yield while allowing lenders to evaluate stabilized income against predictable operating expenses.
This well-maintained asset provides institutional investors with a transparent operating history and clear path to underwriting, making it suitable for both debt and equity capital deployment strategies.
Established Asset
Built in 1958 with proven operating history and stable tenant base
In-Place Income
Current cash flow with straightforward operating profile
Institutional Quality
Suitable for credit committee and institutional review processes
Zoning & Use Commentary
Zoning is reported as B4 – General Commercial (City of Detroit). Prospective purchasers and lenders should independently confirm permitted use status, certificate of occupancy, and any legal nonconforming rights with the City of Detroit during diligence.

Due Diligence Note: All zoning, use, and occupancy information should be independently verified with the City of Detroit as part of your comprehensive due diligence process.
Operating Performance (Reported)
$254,904
Gross Operating Income
Annual revenue
$77,500
Operating Expenses
Annual expenses
$177,404
Net Operating Income
Annual NOI
7.1%
In-Place Cap Rate
Based on reported NOI
Financing Assumptions
The following financing scenario illustrates a potential conventional debt structure for qualified borrowers. All terms and figures are illustrative only and subject to lender underwriting, credit approval, and final loan documentation.
Loan Amount
$1,875,000 (75% Loan-to-Value, subject to lender determination)
Interest Rate
8.00% Fixed
Amortization
25 Years
Estimated Monthly Debt Service (P&I)
To be determined based on final lender terms
Prepayment Terms
5-Year Stepdown: 5% | 4% | 3% | 2% | 1%

Coverage Commentary: Final debt service coverage ratio (DSCR) will be determined by lender underwriting using verified net operating income and final loan terms.
Lender & Investor Positioning
Credit Perspective
The reported in-place NOI provides a clear foundation for coverage analysis and document-based verification.
Equity Perspective
The asset offers current yield with downside-oriented entry pricing, subject to confirmatory diligence.
For Lenders
  • Clear NOI foundation for underwriting
  • Strong DSCR at illustrative terms
  • Transparent operating history
  • Institutional-grade documentation
For Equity Investors
  • In-place cash flow from day one
  • Attractive entry pricing
  • Stabilized asset profile
  • Detroit market exposure
Professional Disclaimer

Important Notice: This document is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or real property interest.
All information is based on sources deemed reliable but is not guaranteed and should be independently verified. Any financing references are illustrative only and subject to lender underwriting.
Prospective investors and lenders should conduct their own due diligence, including but not limited to: property inspections, financial analysis, market research, zoning verification, environmental assessments, and legal review. Past performance is not indicative of future results.
No Guarantee
Information provided is not guaranteed and should be independently verified by qualified professionals.
Illustrative Only
All financial projections and financing assumptions are illustrative and subject to change.
Professional Advice
Consult with legal, financial, and tax advisors before making any investment decisions.
Ready to Learn More?
Contact our team to receive detailed financial information, property reports, and to schedule a site visit. We're here to answer your questions and facilitate your due diligence process.
Email
admin@tesrealtygroup.com
Phone
(201) 905-1114
© 2025 TES Realty Group, Inc. All rights reserved.
TES Realty Group, Inc. is a commercial real estate brokerage and advisory firm providing investment sales and capital markets advisory services in New York and New Jersey.
Nothing contained herein constitutes legal, tax, investment, or financial advice, nor an offer or solicitation to purchase or sell any real estate or security.
All property information is provided for illustrative purposes only, is subject to errors, omissions, changes, or withdrawal without notice, and is not guaranteed.