HIGHLIGHTS
- Ten-unit apartment building located on Detroit’s East Side, offering an investment opportunity in a demand-driven multifamily market.
- All units feature one-bedroom, one-bath layouts designed with spacious interiors and access to natural light, appealing to long-term renters.
- Strong occupancy potential supported by ongoing demand for quality housing near Detroit’s urban core and revitalized neighborhoods.
- Positioned on a 7,405-square-foot lot with proximity to key transportation corridors and essential services.
- Built in 1959, the property offers value-add opportunities for investors to improve amenities and potentially increase rental income.
- Listed at $395,000, making it an accessible entry into Detroit’s growing multifamily sector with potential for stable cash flow.
OVERVIEW
9700 Chalmers Street is a 10-unit apartment building located on Detroit’s East Side. All units are one-bedroom, one-bathroom apartments with expansive layouts and abundant natural light. With strong occupancy rates and sustained demand for quality housing on Detroit’s East Side, the property offers an excellent investment opportunity for buyers seeking stable cash flow, along with the ability to capitalize on untapped potential through future property enhancements.
Property tours Thursday, June 4th at Noon
FOR SALE DETAILS
PRICE
$395,000 USD
PRICE/SF
$72 USD /SF
# OF UNITS
10
PRICE/UNIT
$39,500
CAP RATE
Request Cap Rate
% LEASED
80%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1980
PARKING SPACES
15
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
Commercial
APN/PARCEL ID
21-05551-922
ASK ABOUT THIS PROPERTY
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313-704-2678
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313-704-2678
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
