21124 Schoolcraft - Apartments FOR SALE


Detroit, MI 48223- Brightmoor
$1,650,000 USD
248-356-8000
21124 Schoolcraft, Detroit, MI for Sale
$1,650,000 USD
Apartments - FOR SALE
1/5
null | 8.07% Cap Rate

21124 Schoolcraft
Detroit, MI 48223
Brightmoor


HIGHLIGHTS

  • 30-unit multifamily apartment with an efficient one-bedroom unit mix.
  • On-site parking and spacious site with approximately 0.42 acres.
  • mmediate access to I-96 and Southfield Freeway (M-39), providing quick connectivity throughout Metro Detroit.
  • Approximately 20 minutes from Downtown Detroit and major employment centers.
  • Minutes from neighborhood shopping including Telecraft Shopping Center, Grand River Market Place, and Value Center.
  • Near Rouge Park and Eliza Howell Park, offering extensive green space, walking trails, and recreational amenities.

OVERVIEW

Located in Detroit's Brightmoor neighborhood, Blackstone Apartments at 21124 Schoolcraft, Detroit, MI 48223 presents a value-add multifamily investment opportunity featuring approximately 30 one-bedroom units across a 19,500square-foot low-rise apartment building situated on a 0.42-acre site. The property offers investors the potential to capitalize on Detroit's continued rental demand while benefiting from convenient access to major roadways, neighborhood retail, employment centers, and everyday amenities.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

27

PRICE/UNIT

$61,111

CAP RATE

8.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blackstone Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,492 SF

ZONING

B4

APN/PARCEL ID

22-0094403

ASK ABOUT THIS PROPERTY

Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

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Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.