HIGHLIGHTS
- Colonial Manor is a gated community featuring a two-building apartment complex totaling 49 units, with a mix of one- to three-bedroom units.
- Detroit’s Old Redford neighborhood, a walkable urban district about 15 miles from downtown, is also home to a historic commercial strip.
- Upside via professional management and modern renovations, bringing the units to an above-market rate standard.
- Residents have ample parking with a private lot located between the two buildings and public transportation right at the front door.
- On-site amenities include 24-hour access, property management, conference space, a large grass area, and AC and heating.
- Located within the Wayne County Opportunity Zone, incentivizing major CapEx to likely qualify for preferential tax treatment.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Stabilized Units & Update-Ready for Upside
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1963
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.49 AC
LAND SF
65,100 SF
ZONING
B4
APN/PARCEL ID
22-1136857
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
