4535 Commonwealth St - Apartments FOR SALE


Detroit, MI 48208- Woodbridge
$1,095,000 USD
248-722-8230
4535 Commonwealth St, Detroit, MI for Sale
$1,095,000 USD
Apartments - FOR SALE
1/19
null | 6.85% Cap Rate

4535 Commonwealth St
Detroit, MI 48208
Woodbridge


HIGHLIGHTS

  • Walkable to Wayne State University, Henry Ford Hospital.
  • Property was completely renovated in 2023.
  • Offstreet parking at property.
  • Great investment opportunity at 100% occupied property.

OVERVIEW

Excellent investment opportunity—fully leased, turn-key multifamily property in a prime location with zero vacancy. Situated on a picturesque, tree-lined street, 4535 Commonwealth St offers immediate income potential with major capital improvements already completed, including brand-new plumbing and electrical systems installed in 2023. This beautifully restored apartment is located in the heart of Detroit’s thriving Woodbridge neighborhood. Originally built in 1914, the property artfully preserves its historic architectural charm while incorporating modern upgrades that appeal to today’s renters. Just minutes from Wayne State University, Downtown Detroit, Corktown, and Henry Ford Hospital, the location provides unmatched access to employment hubs, dining, and cultural attractions. Residents also benefit from proximity to Midtown Detroit, Warren Plaza, The District Detroit – Retail, and several museums and parks. With a Walk Score of 82, a Bike Score of 99, and excellent public transit options, 4535 Commonwealth St represents a rare chance to own a high-performing asset in one of Detroit’s most desirable and walkable neighborhoods.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

8

PRICE/UNIT

$136,875

CAP RATE

6.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R-3

APN/PARCEL ID

08-006232

ASK ABOUT THIS PROPERTY

Scot TurnbullMFGdetMore Info
248-722-8230

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Scot TurnbullMFGdetMore Info
248-722-8230

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