248-721-4556
21516 Dequindre Rd, Warren, MI for Sale
Apartments - FOR SALE
1/22
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21516 Dequindre Rd
Warren, MI 48091
Southwest Warren


HIGHLIGHTS

  • PRIME LOCATION IN A THRIVING MARKET Acquire a 479-unit multifamily property strategically positioned within the dynamic Detroit suburb market.
  • DESIRABLE UNIT MIX & AMENITIES The property features a well-balanced mix of one- and two-bedroom units with modern upgrades.
  • VALUE-ADD OPPORTUNITY WITH CONTINUED RENOVATIONS This well-maintained, two-story community on 30.72 acres presents significant value-add potential.
  • IMMEDIATE INCOME STREAM The property currently generates $454,350.81 in monthly income, providing investors with a strong in-place cash flow.
  • SIGNIFICANT RENTAL UPSIDE POTENTIAL Benefit from a projected 33% upside in rental income.
  • PROXIMITY TO MAJOR EMPLOYMENT & EDUCATION Located in Warren, a city with a diversified economy.

OVERVIEW

CMP Real Estate Group, as the exclusive advisor, is pleased to announce the offering of Warren Manor, a 479-unit multifamily property exceptionally well-located in Warren, Michigan. Situated at 21516 Dequindre Rd, Warren Manor occupies a prime position within the bustling Detroit suburb market. This advantageous location offers investors direct access to a thriving working-class community and significant rental growth opportunities. Positioned at the intersection of 9 Mile and Dequindre, the property provides residents with exceptional connectivity to a variety of amenities, transportation options, and proximity to I-75, presenting a standout investment prospect in a vibrant Detroit submarket. Built in 1969 on a spacious 30.72-acre parcel, Warren Manor is a well-maintained two-story community spanning 431,724 square feet. With recent capital improvements totaling approximately $5,000,000, enhancing 205 units and exterior features, the property is primed for further value-add through ongoing upgrades. The community offers a mix of one-bedroom and two-bedroom units, designed to meet diverse tenant needs. Residents benefit from an array of on-site amenities, including a central laundry facility, exterior lighting, a swimming pool, and covered parking. The property is enhanced by mature landscaping with trees, flowers, mowed lawns, shrubs, and hedges, fostering a welcoming environment. Practical features such as ample surface parking and dedicated on-site management ensure a well-run community. Upgraded units feature modern interior amenities, including air conditioning and heating, along with fully equipped kitchens. Each unit includes laminate countertops, wood cabinetry, an electric oven/range, garbage disposal, dishwasher, microwave, and refrigerator/freezer. The property’s prime location offers residents convenient access to shopping, dining, and entertainment, plus excellent connectivity to major highways. Warren enjoys a dynamic, diversified economy, supported by key employment sectors such as healthcare, social assistance, retail, trade, transportation, manufacturing, and a growing professional and technical services industry. The property provides easy access to major routes including I-75, I-696, and Woodward Ave, connecting residents to Oakland, Wayne, and Macomb Counties. Nearby cities include Sterling Heights, Detroit, Madison Heights, and Roseville. Within a 20-mile radius, residents can visit notable landmarks like Belle Isle Park, Detroit Institute of Arts, Henry Ford Museum of American Innovation, Campus Martius Park, Detroit Zoo, and Oakland Mall. This robust employment base attracts a diverse workforce, driving consistent demand for rental housing in Warren and the broader Detroit submarket. This creates an ideal setting for multifamily investment with strong potential for sustained occupancy and rental growth. Warren Manor presents an enticing investment opportunity in Warren, Michigan, delivering immediate income of $454,350.81 monthly, with a projected 33% rental income upside. This property stands out for its stability and long-term value in a high demand market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

479

CAP RATE

Request Cap Rate

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Warren Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

1001

LAND DETAILS

LAND ACRES

30.72 AC

LAND SF

1,338,163 SF

ZONING

MZ

APN/PARCEL ID

12-13-31-301-012,12-13-31-301-013

ASK ABOUT THIS PROPERTY

Nicholas ShabaCMP Real Estate GroupMore Info
248-721-4556

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Nicholas ShabaCMP Real Estate GroupMore Info
248-721-4556

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