5/12/2008

Marcus & Millichap list Michigan apartments

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The Detroit, Mich., office of Marcus & Millichap has been hired to market and sell the Marsten Apartments in Allen Park with an asking price of $2.195 million, or $45,729 per unit.

Jonathan Dwoskin is representing the seller in the offering.

The Marsten Apartments are located at 19220 Wick Rd. and contain 48 units. The apartment complex is being offered for $55.51 per square foot with an eight percent capitalization rate. The property is comprised of 15 one-bedroom and 33 two-bedroom units.

Address: 19220 Wick Rd., Allen Park, Mich.

Size: 48 units

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Filed Under: Multi-Family

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