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.