4742-4754 Anthony Wayne Dr - Apartments FOR SALE


Detroit, MI 48201- Midtown Detroit
$2,100,000 USD
810-986-2331
4742-4754 Anthony Wayne Dr, Detroit, MI for Sale
$2,100,000 USD
Apartments - FOR SALE
1/31
null | 6.94% Cap Rate

4742-4754 Anthony Wayne Dr
Detroit, MI 48201
Midtown Detroit


HIGHLIGHTS

  • Location
  • condo conversion potential
  • growth and development taking place near the WSU campus

OVERVIEW

The building contains nine apartments, including eight 3-bedroom units and one 4-bedroom unit. Each unit is designed with separate living and dining areas plus an eat-in kitchen, a layout often preferred by residents seeking additional space and household flexibility. Separate front and rear entry/exit points for each unit create practical circulation and added privacy for occupants. Good stable area. Prime location on campus. On-site features include basement laundry functionality and a rear courtyard with a small garden area, providing additional resident appeal and contributing to tenant retention potential. The property benefits from its position in the Midtown/Wayne State University area—an established multifamily submarket supported by: University-related renter demand Healthcare and institutional employment Ongoing neighborhood investment and urban activity Reliable transit and commuter access patterns This location profile supports resilient leasing demand and helps position the property for long-term relevance in Detroit’s rental market.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

9

PRICE/UNIT

$233,333

CAP RATE

6.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,670 SF

ZONING

N/Av, Detroit

APN/PARCEL ID

04-003418

ASK ABOUT THIS PROPERTY

Glen BrownReMax Dream Properties- Remax CommercialMore Info
810-986-2331

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Glen BrownReMax Dream Properties- Remax CommercialMore Info
810-986-2331

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