Alia Condos Multi-Family FOR SALE


Warren, MI - Northwest Warren
$3,500,000 USD
586-940-4600
, Warren, MI for Sale
$3,500,000 USD
Multi-Family - FOR SALE
1/5
null | 4.53% Cap Rate


HIGHLIGHTS

  • Newly constructed multifamily community completed in 2023.
  • Ten fully leased townhome-style units with three bedrooms and 2.5 bathrooms each.
  • Well-located near 14 Mile and Ryan Road with convenient access to I-75 and I-696.
  • Strong income performance supported by a Net Operating Income of $158,400 annually.
  • Surrounded by shopping, restaurants, and community amenities enhancing tenant retention.

OVERVIEW

This fully leased 10-unit multifamily property presents an attractive investment opportunity in Warren, Michigan. Constructed in 2023, the property offers modern finishes and consistent rental income across its spacious three-bedroom, 2.5-bath units. All ten units are currently rented at $2,000 per month, delivering a strong and stable cash flow with an established Net Operating Income of approximately $158,400 annually. Positioned near the intersection of 14 Mile and Ryan Road, the property benefits from excellent connectivity to Detroit’s metropolitan area and major thoroughfares, including I-75 and I-696. The location is convenient to retail, dining, and community amenities, contributing to its strong tenant appeal. With proximity to local employers and key commercial corridors, the asset supports both current returns and long-term appreciation potential. At a price of $3,500,000, this listing offers an investor the rare advantage of acquiring a newly built, income-producing property in a high-demand submarket.

ASK ABOUT THIS PROPERTY

Lawrence HowardHoward Realty GroupMore Info
586-940-4600

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

Lawrence HowardHoward Realty GroupMore Info
586-940-4600

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