4535 Commonwealth St - Apartments FOR SALE


Detroit, MI 48208- Woodbridge
$995,000 USD
248-722-8230
4535 Commonwealth St, Detroit, MI for Sale
$995,000 USD
Apartments - FOR SALE
1/19
null | 7.24% Cap Rate

4535 Commonwealth St
Detroit, MI 48208
Woodbridge


HIGHLIGHTS

  • Completely renovated in 2023. New electrical, plumbing and insulation. Turnkey fully occupied rental opportunity.
  • Multifamily property located in Detroit’s Woodbridge neighborhood.
  • Close to Wayne State University, Detroit Medical Center, and cultural attractions.
  • Positioned in an area experiencing continued redevelopment and investment.

OVERVIEW

4535 Commonwealth Street offers a multifamily investment opportunity in Detroit’s Woodbridge neighborhood. The property spans approximately 4,676 square feet and sits on a 0.15-acre lot. Built in 1914, it retains historic character while being positioned in a submarket that has seen steady revitalization and development activity. The location provides convenient access to major Detroit destinations, including Midtown, Downtown, and Corktown, all within a short drive. Public transportation options such as the QLINE streetcar and Amtrak station are nearby, enhancing connectivity for residents. The property is also within proximity to Wayne State University, the Detroit Medical Center, and cultural institutions, making it attractive to a diverse tenant base. With its central location and accessibility to major highways, including I-94 and M-10, this asset is well-suited for investors seeking to capitalize on Detroit’s ongoing urban renewal and strong rental demand in established neighborhoods.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

8

PRICE/UNIT

$124,375

CAP RATE

7.24%

% 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 Notice.