5764 Woodward Ave - Apartments FOR SALE


Detroit, MI 48202- Midtown Detroit
$1,250,000 USD
313-704-2678
5764 Woodward Ave, Detroit, MI for Sale
$1,250,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

5764 Woodward Ave
Detroit, MI 48202
Midtown Detroit


OVERVIEW

O’Connor Real Estate is pleased to present 5764 Woodward Ave, a fully renovated six- unit apartment building in Detroit’s Cultural District of Midtown. Each unit offers three bedrooms and two bathrooms. The property underwent a comprehensive renovation in 2020, including interior upgrades, mechanical system improvements, and façade restoration. Additional value-add opportunities include completing the one-bedroom garden-level unit and securing a market-rate lease for the billboard. A 15-year NEZ tax abatement took effect in December 2021.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

B4

APN/PARCEL ID

01-004244

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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