UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 19,557 sqft
Subdivision Emerson Park (Plats)
MLS Listing ID 20250033930
Style Colonial
Full Baths 40
Year Built 1969
Lot Size 0.890 Acres
Acres 0.89
Property Sub-Type MultiFamily
Property Description
Turnkey 40-Unit Multifamily ...FULLY OCCUPIED
Opportunity | TOP Cap Rate Potential | Prime Detroit Location
Fully 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. 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 Area05034Detjoyschoolcraftgrnfldlimits
Interior
Heating Electric, Space Heater
Fireplace No
Exterior
Parking Features ParkingLot, SharedDriveway
Pool None
View Y/N No
Building
Foundation Slab
Sewer Public Sewer, Sewer At Street
Water Community, WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
Nearby Locations
Broker Associate | License ID: Ga: 365526 Mi: 6506048686
+1(678) 674-7929 | lknox@axenrealty.com