30 E Philadelphia St - Apartments FOR SALE


Detroit, MI 48202- North End
$7,500,000 USD
734-341-5900
30 E Philadelphia St, Detroit, MI for Sale
$7,500,000 USD
Apartments - FOR SALE
1/24
null | 8.13% Cap Rate

30 E Philadelphia St
Detroit, MI 48202
North End


HIGHLIGHTS

  • Opportunity Zone
  • Walking distance from Wayne State University
  • Fully renovated with modern upgrades throughout

OVERVIEW

The Atrium Apartments presents a rare opportunity to acquire a fully renovated 44-unit multifamily asset in one of Detroit’s most dynamic and rapidly developing corridors. Located just off Woodward Avenue in the heart of the North End this grand four-story building blends historic character with modern upgrades and is positioned for strong long-term appreciation. The property features 44 thoughtfully designed units consisting of 18 studios, 22 one-bedroom units, and 4 two-bedroom units. The building showcases stylish apartments centered around a beautiful atrium with skylights, creating an inviting architectural focal point that enhances natural light and resident appeal. This offering also includes 8444 Woodward, a Woodward-facing parking lot with 18 dedicated parking spaces, in addition to ample street parking—an exceptional amenity along this major corridor. The property is located within a designated Opportunity Zone, adding potential long-term tax advantages for investors. 30 E Philadelphia has undergone a true infrastructure-up renovation, eliminating many of the common risks associated with older multifamily assets and remote ownership. All major systems are brand new, including electrical, plumbing, HVAC, fire suppression, new elevator, and fire alarm systems. Interiors feature modern kitchens with custom granite countertops, exposed brick accents, and luxury flooring, delivering a high-quality finish that competes with new construction. Amazing opportunity to capitalize on a turnkey asset. Ideally situated steps from Woodward Avenue and the QLINE, and within minutes of Wayne State University, the location offers walkability to restaurants, shops, and rapidly developing neighborhoods. 30 E Philadelphia stands as one of Detroit’s most compelling investment opportunities for buyers seeking a fully modernized asset in a prime, high-growth corridor.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

44

PRICE/UNIT

$170,455

CAP RATE

8.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Atrium Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1923

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,548 SF

ZONING

B4

APN/PARCEL ID

01-004328

ASK ABOUT THIS PROPERTY

Fahad SultanMotown Property Management IncMore Info
734-341-5900

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Fahad SultanMotown Property Management IncMore Info
734-341-5900

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