248-227-0182
HIGHLIGHTS
- Fee simple offering of two multifamily assets totaling 31,324 square feet on a 0.843-acre site within Detroit’s Chalmers Apartment community.
- Public transit access via DDOT and SMART bus routes along Gratiot Avenue, with FAST service and connections to the QLINE corridor.
- 92% occupied, generating in-place income with remaining lease-up potential and opportunity to enhance operations and rental income.
- Value-add opportunity with some in-place upgrades to interiors, mechanical systems, and security enhancements.
- Functional unit mix of one- and two-bedroom units positioned to capture strong demand for affordable housing in the surrounding area.
- Flexible execution strategy allowing investors to maintain cash flow or reposition the asset to capture higher-quality tenancy and rent growth.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Income Generating Multifamily Portfolio
PROPERTY TYPE
Multi-Family
TOTAL BUILDING SIZE
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STORIES
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YEAR BUILT
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
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ASK ABOUT THIS PROPERTY
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248-227-0182
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248-227-0182
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