9001 Southfield Fwy - Apartments FOR SALE
Detroit, MI 48228 |
9001 Southfield Fwy
Detroit, MI 48228
HIGHLIGHTS
- Receiver ordered sale of a vacant, 40-unit multifamily asset, offering a value-add opportunity through extensive renovations and leasing strategies.
- Opportunity for a lower-cost basis to deliver refreshed units versus a tear down/new build due to the rising construction costs.
- Located within proximity to Southfield Freeway (M-39) via Joy Road, providing convenient access to I-96 and the entire regional expressway system.
- Situated just 5 miles of major employers, including Ford Motor Company, Detroit Diesel, Henry Ford Medical Center, AAA Auto Club Group, and more.
- Nearby national retailers such as Target, Walmart, Home Depot, Best Buy, Burlington, Planet Fitness, and Fairlane Town Center sit within 2 miles.
- Northbrook Apartments is walkable to Frank Cody Highschool, Edison Detroit Public Library, McDonald's, KFC, Dollar General, Shell, and Subway.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Northbrook Apartments | Lender-Owned MF Asset
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
30362
STORIES
2
YEAR BUILT
1966
PARKING SPACES
40
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
22-0744439
