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$2,499,000
Est. payment /mo
40 Baths
0.89 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250033930
Originating Board Realcomp
Year Built 1969
Annual Tax Amount $48,402
Lot Size 0.890 Acres
Acres 0.89
Lot Dimensions 387x100
Property Description
Turnkey 40-Unit Multifamily Opportunity | 12–14% Cap Rate Potential | Prime Detroit LocationFully remodeled 40-unit multifamily asset ideally located in the heart of Detroit, just minutes from major shopping districts and directly adjacent to the highly sought-after Dearborn Heights community. This property has undergone a full transformation—modernized units, updated mechanicals, and refreshed common areas—making it a truly turnkey opportunity. With projected annual revenue of approximately $480,000, this property offers investors a potential 12–14% cap rate upon stabilization. Lightly occupied post-renovation with strong tenant interest already in motion. Seller is ready to hand off this high-yield investment to a new owner ready to capitalize on rising demand and long-term wealth creation through lease-up and management.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial,Multi-Family
Direction head north on Southfield highway and north on weaver st
Rooms
Basement Slab
Interior
Heating Space Heater
Exterior
View Y/N No
Building
Sewer Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I068255C61
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Golden Key Realty Group LLC
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Maria Reyes
Co-Owner/Realtor® | License ID: 6501350194
Co-Owner/Realtor® License ID: 6501350194