DUNEDIN APARTMENTS Multi-Family FOR SALE


Detroit, MI - Virginia Park
$2,163,000 USD
248-702-0288
, Detroit, MI for Sale
$2,163,000 USD
Multi-Family - FOR SALE
1/1
null | 7.25% Cap Rate

DUNEDIN APARTMENTS
Detroit, MI
Virginia Park


HIGHLIGHTS

  • 28 Units with Significant Rent Upside
  • Value Add Multifamily Near Henry Ford Health's $3B Expansion
  • Historic Character with Renovated Unit Appeal

OVERVIEW

Discover the opportunity to acquire 7536 & 7510–7512 Dunedin Street, a renovated 28-unit multifamily portfolio located in Detroit’s highly desirable Virginia Park neighborhood. With a mix of occupied units providing in-place cash flow and continued upside through lease optimization, the property offers an attractive blend of immediate income, historic appeal, and long-term value creation in a proven rental market. Current rents remain below those achieved by nearby renovated apartment communities, with comparable properties demonstrating an average rental premium of approximately $0.61 per square foot. This gap provides a clear opportunity for future revenue growth through natural tenant turnover and continued lease optimization while benefiting from the property's existing occupancy and renovated condition. With a diverse unit mix that includes studios, one-bedroom, two-bedroom, and three-bedroom layouts, the asset is well-positioned to attract a broad tenant base and maintain resilient occupancy. As investment activity continues to spread outward from Midtown and New Center into surrounding historic neighborhoods, Virginia Park and LaSalle Gardens have emerged as increasingly sought-after destinations for both renters and investors seeking strong fundamentals, neighborhood character, and long-term appreciation potential.

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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