Map of Property

Detroit Residential Investment Opportunity

W Seven Mile Rd, Detroit, MI 48234

  • For Sale $3,816,000
  • Property Type Multi-Family
  • Property Size 50,000 SF
  • Units 53
  • Additional Rent Contact for pricing
  • Date Updated Nov 19, 2024

• Single-Family Residential portfolio comprised of 53 properties​​

• Stabilized portfolio – 98% occupied; proforma assumes 5% vacancy​​

• All properties have Certificates of Compliance (CofC's) - $38,500​ spent on certification inspection fees in 2021​​

• Portfolio comprised of seven (7) 4-bedroom homes, thirty-three (33)​, 3-bedroom homes, thirteen (13) 2-bedroom homes.​​

• 50 market-rate tenants + 3 Section 8 tenants provide stable income.​​

• Professionally-managed and well-maintained portfolio​​

• Proforma 10% third party management fee provides new owner​ opportunity increase investor/owner profitability​ (Fee is included​ in portfolio operating expenses)​​

• Excellent opportunity for local portfolio investor/manager/owner​​

• Approximately $556,500 in repairs, maintenance and improvements​ in 2020-2022​​

• Many units at below market rents

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Eric D. Banks Is this you?

Dominion Real Estate Advisors

Location

Getting Around

  • Walk Score ®

    69/100 Somewhat Walkable

  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Brookside - Burton Hollow
  • Zip Code 48234
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    9.58 miles

  • Mobil

    0.98 miles

  • Kroger

    1.02 miles

  • Speedway

    1.02 miles

  • Sunoco

    1.02 miles

  • Shell

    1.03 miles

  • BP

    2.09 miles

  • Bosch

    2.42 miles

  • Tesla Supercharger

    3.37 miles

  • Livonia, MI Supercharger

    3.94 miles

  • eVgo

    5.47 miles

  • Parking Lot B

    2.26 miles

  • Parking Lot A

    2.28 miles

  • Special Events Parking

    2.32 miles

  • Caterer & Staff Parking

    2.35 miles

  • Public Parking

    2.49 miles

  • East Parking Lot

    2.78 miles

  • Park Motel of Farmington

    2.23 miles

  • Grand Tulane Motel

    2.38 miles

  • Detroit Marriott Livonia

    2.42 miles

  • Courtyard Detroit Livonia

    2.46 miles

  • Best Western Livonia

    2.60 miles

  • Embassy Suites

    2.60 miles

  • Holiday Inn Detroit Northwest - Livonia, an IHG Hotel

    2.62 miles

  • TownePlace Suites Detroit Livonia

    2.88 miles

  • Hyatt Place

    2.89 miles

  • Fairfield Inn & Suites Detroit Livonia

    2.90 miles

  • Bigg Burger

    0.10 miles

  • McDonald's

    0.17 miles

  • Primo's Pizza

    0.20 miles

  • G. Subu's Leather Bottle

    0.86 miles

  • Subway

    0.96 miles

  • Taco Bell

    0.97 miles

  • Jimmy John's

    0.97 miles

  • Leo's Coney Island

    0.97 miles

  • Papa John's

    0.98 miles

  • Arby's

    1.00 miles

  • Webster Elementary

    0.59 miles

  • St. Paul's Lutheran School

    0.60 miles

  • Lewis Cass Elementary School

    1.42 miles

  • Coolidge Elementary School

    1.45 miles

  • Buchanan Elementary School

    1.53 miles

  • Niji-Iro Elementary

    1.79 miles

  • Clarenceville High School

    1.94 miles

  • Dickinson Junior High School (former)

    2.04 miles

  • Clarenceville Middle School

    2.07 miles

  • Visions Unlimited

    2.08 miles

  • The Learning Tree Child Care Center - North

    0.66 miles

  • The Learning Experience

    2.79 miles

  • KinderCare

    2.92 miles

  • Montessori Center of Our Lady

    3.26 miles

  • Tutor Time

    3.35 miles

  • Country Hills Montessori

    3.39 miles

  • Learning Tree

    4.05 miles

  • Hooked on Books Childcare

    4.72 miles

  • Minto's Casa

    5.28 miles

  • Childtime Learning

    5.34 miles

Frequently Asked Questions

How much does Detroit Residential Investment Opportunity cost?

The space currently listed for sale at Detroit Residential Investment Opportunity asks for $3,816,000.

What is the total square footage of Detroit Residential Investment Opportunity?

Detroit Residential Investment Opportunity totals 50,000 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Eric D. Banks Is this you?

Dominion Real Estate Advisors