Map of Property

Colonial Manor Apartments Listing Details & Market Data

18045 & 18111 Lahser Road, Detroit, MI 48219

  • For Sale $3,000,000
  • Property Type Multi-Family
  • Property Size 30,229 SF
  • Units 49
  • Lot Size 1.46 Acre
  • Year Built 1963
  • Date Updated Mar 21, 2024
Discover the vibrant neighborhood surrounding the property in Detroit, MI. Located in a bustling area known for its commercial activity and dynamic business environment. Nearby, Detroit stands as a symbol of resilience, a city reborn and bustling with opportunities for exploration, making it an inviting destination for residents and visitors alike. With close proximity to major highways and just a short drive to downtown Detroit, the area is poised for growth and investment.Introducing a prime opportunity for Multifamily/Low-Rise/Garden investors in the Detroit area. This property features a substantial 30,229 SF building with 49 units, offering an excellent investment potential.

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Highlights

  • 30,229 SF building | 49-unit | Built 1963
  • 9.21% CAP Rate | $276,241 NOI
  • Zoned R3
  • Significant Value-Add Potential through Strategic Upgrades and Management Efficiencies
  • Diverse Unit Mix: A mix of 1, 2, & 3-bedroom units across two buildings, allowing for a diversified tenant base & flexibility in rental strategies
  • Community and Accessibility: The property's urban location ensures convenient access to local amenities, employment centers, and transportation networks, promoting a high quality of living for residents.

Contacts

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (64)

  • Transit Score ®

    Good Transit (54)

  • Bike Score ®

    Bikeable (50)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Redford
  • Zip Code 48219
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    3.69 miles

  • Royal Oak

    7.36 miles

  • Dearborn

    7.98 miles

  • Smith's Creek Depot Station

    8.01 miles

  • Walnut Grove Station

    8.10 miles

  • Firestone Station

    8.16 miles

  • Troy

    9.08 miles

  • Sunoco

    0.43 miles

  • Meijer

    0.59 miles

  • Marathon

    0.74 miles

  • Valero

    0.80 miles

  • Sunoco

    0.87 miles

  • Citgo

    0.89 miles

  • Sunoco

    0.90 miles

  • 76

    0.96 miles

  • Mobil

    1.04 miles

  • Citgo

    1.06 miles

  • Parking Lot D

    1.80 miles

  • Vistor Parking Lot B

    1.80 miles

  • Parking Lot C

    1.81 miles

  • Vistor Parking Lot A

    1.83 miles

  • Parking Lot E

    1.88 miles

  • Parking Lot G

    1.97 miles

  • Parking Lot H

    3.55 miles

  • Parking Lot G

    3.64 miles

  • Parking Lot A

    3.64 miles

  • Parking Lot E

    3.79 miles

  • Wendy's

    0.24 miles

  • KFC

    0.28 miles

  • Nicky D's Coney Island

    0.29 miles

  • McDonald's

    0.36 miles

  • Burger King

    0.57 miles

  • J's Cafe

    0.84 miles

  • Aurora Coney Island

    0.93 miles

  • Demi's Restaurant & Bar

    1.16 miles

  • Church's Chicken

    1.20 miles

  • Hollywood Coney Island

    1.23 miles

  • Old Redford Academy Elementary School

    0.35 miles

  • Old Redford Academy Middle School

    0.42 miles

  • Detroit Service Learning Academy

    0.51 miles

  • Development Centers Head Start

    0.63 miles

  • Northwest Detroit Cooperative School

    0.73 miles

  • Charles Wright Academy of Arts and Science

    0.95 miles

  • Ludington Magnet Middle and Honors School

    1.13 miles

  • Lodge Elementary School (former)

    1.15 miles

  • Madison-Carver Academy

    1.16 miles

  • Here's Hope Christian School

    1.20 miles

  • Old Redford Pre-Kindergarten Academy

    0.35 miles

  • Academy of Detroit-West

    2.53 miles

  • Creative Learning Children's College

    3.24 miles

  • Allen Baptist Childcare & Development Center

    3.43 miles

  • Helping Hands child care

    3.46 miles

  • Hampton Church Child Care Center

    3.56 miles

  • Tott's Early Learning Center

    4.05 miles

  • New West Side Head Start

    4.06 miles

  • Sunnybrook Day Nursery

    5.50 miles

  • God's Little Schoolhouse

    5.59 miles

Contact Listing Broker

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610