Map of Property

Detroit Multi-Family Portfolio Listing Details & Market Data

1705 Oakman, 18977 Evergreen, & 24514 West 7 Mile, Detroit, MI 48219

  • For Sale $1,290,000
  • Property Type Multi-Family
  • Property Size 20,124 SF
  • Units 31
  • Date Updated Dec 15, 2023
1705 Oakman, 18977-18979 Evergreen, & 24514 West 7 Mile31 Unit (3 Property) Multifamily Portfolio located in Detroit, MI In place cash flow at ± 70% current occupancy across the portfolio (trending upwards) Significant value add potential via aggressive lease-up, modernized capital improvements, and professional property management Easy access to major freeways and interstates, major employers, bus routes, schools, shopping centers, and grocery stores Centrally located in the greater Metropolitan Detroit area Extremely dense demographics with a 2019 population estimate of ±1,254,000 and Avg HH Income of ±$60,000 within a 10-mile radius Asking price $1,495,000 (48k per unit)

Want more info on this listing?

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

Attachments

Highlights

  • 31 Unit (3 Property) Multifamily Portfolio located in Detroit, MI
  • In place cash flow at ± 70% current occupancy across the portfolio (trending upwards)
  • Significant value add potential via aggressive lease-up, modernized capital improvements, and professional property management
  • Easy access to major freeways and interstates, major employers, bus routes, schools, shopping centers, and grocery stores
  • Centrally located in the greater Metropolitan Detroit area
  • Extremely dense demographics with a 2019 population estimate of ±1,254,000 and Avg HH Income of ±$60,000 within a 10-mile radius
  • Asking price $1,290,000 (41.6k per unit)

Contacts

broker

Joel Kestenberg

Friedman Real Estate

(248) 324-2000

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (64)

  • Transit Score ®

    Some Transit (47)

  • Bike Score ®

    Somewhat Bikeable (48)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Redford
  • Zip Code 48219
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    5.02 miles

  • Royal Oak

    8.09 miles

  • Dearborn

    8.79 miles

  • Smith's Creek Depot Station

    8.86 miles

  • Walnut Grove Station

    8.99 miles

  • Firestone Station

    8.99 miles

  • Troy

    9.16 miles

  • BP

    0.14 miles

  • Marathon

    0.27 miles

  • BP

    0.32 miles

  • Sunoco

    0.57 miles

  • Citgo

    1.03 miles

  • Sunoco

    1.03 miles

  • Sunoco

    1.04 miles

  • Clark

    1.07 miles

  • Mobil

    1.08 miles

  • Valero

    1.12 miles

  • Parking Lot D

    3.10 miles

  • Parking Lot C

    3.12 miles

  • Vistor Parking Lot B

    3.12 miles

  • Vistor Parking Lot A

    3.15 miles

  • Parking Lot E

    3.18 miles

  • Parking Lot G

    3.29 miles

  • Parking Lot H

    3.41 miles

  • Parking Lot A

    3.51 miles

  • Parking Lot G

    3.53 miles

  • Parking Lot E

    3.69 miles

  • Dairy Queen

    0.16 miles

  • Demi's Restaurant & Bar

    0.23 miles

  • Aurora Coney Island

    0.50 miles

  • Mama Mias

    0.74 miles

  • Checkers

    0.79 miles

  • Burger King

    1.31 miles

  • Nicky D's Coney Island

    1.32 miles

  • Subway

    1.34 miles

  • KFC

    1.35 miles

  • Wendy's

    1.40 miles

  • Charles Wright Academy of Arts and Science

    0.69 miles

  • Veritas Alternative Ed

    0.70 miles

  • Lodge Elementary School (former)

    0.72 miles

  • Ludington Magnet Middle and Honors School

    0.72 miles

  • David Ellis Academy West

    0.76 miles

  • Beech Elementary School

    0.81 miles

  • Redford Service Learning Academy

    0.86 miles

  • Stuckey Center

    1.04 miles

  • Distinctive College Prep: Redford

    1.11 miles

  • Development Centers Head Start

    1.12 miles

  • Old Redford Pre-Kindergarten Academy

    1.49 miles

  • Academy of Detroit-West

    3.88 miles

  • Helping Hands child care

    4.11 miles

  • Creative Learning Children's College

    4.29 miles

  • KinderCare

    4.44 miles

  • The Learning Experience

    4.44 miles

  • Allen Baptist Childcare & Development Center

    4.73 miles

  • Tutor Time

    4.81 miles

  • Country Hills Montessori

    4.84 miles

  • Hampton Church Child Care Center

    4.94 miles

Contact Listing Broker

broker

Joel Kestenberg

Friedman Real Estate

(248) 324-2000