248-848-4135
24949 Mayfair Dr, Flat Rock, MI for Sale
Apartments - FOR SALE
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24949 Mayfair Dr
Flat Rock, MI 48134


HIGHLIGHTS

  • Fully occupied asset providing stable, in-place cash flow and income security.
  • Renovated in 2004 to maintain modern functionality and reduce near-term capital needs.
  • Diverse unit mix with spacious one-, two-, and three-bedroom layouts serving varied household sizes.
  • Strong connectivity to major highways including I-75 and regional employment hubs in Downriver Detroit.
  • On-site amenities include playgrounds, laundry facilities, and professional management delivering convenience and resident retention.

OVERVIEW

Mayfair Apartments presents an exceptional opportunity to acquire a stabilized, fully occupied, 87-unit garden-style apartment community in Flat Rock, Michigan. Situated on a 17.41-acre parcel, the property offers 216,412 square feet of residential space across two-story buildings configured to provide a strong mix of one-, two-, and three-bedroom units. Originally built in 1974 and renovated in 2004, the asset features updated systems and layouts that meet the needs of today’s renters, while maintaining operational efficiency. Residents enjoy ample amenities including playgrounds, laundry facilities, 24-hour access, and significant parking capacity. Each unit offers conveniences such as air conditioning, cable-ready connectivity, and individual HVAC controls, supporting long-term tenancy and satisfaction. The property operates at a consistent 100% occupancy, demonstrating its strong demand and stable income stream. Located in a well-established residential district of Downriver Detroit, Mayfair Apartments benefits from close proximity to major transportation corridors, employment hubs, and community services. With connectivity via I-75 and nearby commercial centers, the asset is well-positioned to attract workforce housing demand and retain tenants in a supply-constrained market. Investors are presented with a rare chance to secure immediate scale in a thriving suburban location with predictable returns and options for future value enhancement through operational optimization.

FOR SALE DETAILS

PRICE

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# OF UNITS

129

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mayfair Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.41 AC

LAND SF

758,380 SF

ZONING

Commercial

APN/PARCEL ID

58-134-99-0007-704

ASK ABOUT THIS PROPERTY

Peter JankowskiFriedman Real EstateMore Info
248-848-4135

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Peter JankowskiFriedman Real EstateMore Info
248-848-4135

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