HIGHLIGHTS
- 8-Unit Apartment Building – A rare multifamily investment opportunity in an emerging Detroit neighborhood
- Value-Add Potential
- Potential Upside – Adjusting rents to market rates could increase annual rental income
- Strong Rental Demand – Detroit’s rental market remains robust, with high occupancy rates and strong demand for affordable one-bedroom units
- Affordable Entry Point – Competitive property pricing with significant upside through renovations and improved property management
- Strategic Location – Close to major employment centers, public transit, and ongoing redevelopment projects, boosting long-term property value
FOR SALE DETAILS
PRICE
$275,000 USD
PRICE/SF
$53 USD /SF
# OF UNITS
8
PRICE/UNIT
$34,375
CAP RATE
8.3%
% LEASED
87%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
8-Unit Multifamily Property
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1926
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.1 AC
LAND SF
4,356 SF
ZONING
R2
APN/PARCEL ID
16-023656
ASK ABOUT THIS PROPERTY
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248-702-0288
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248-702-0288
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