See all 6 photos
6 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$900,000
Est. payment /mo
16 Baths
15,106 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,106 sqft
Price per Sqft $59
Subdivision Mi
MLS Listing ID 61007884
Style 2 Story
Full Baths 16
Year Built 1963
Annual Tax Amount $41,576
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 122x135
Property Sub-Type Multi-Family
Property Description
Strong multifamily investment opportunity! This 16-unit apartment building offers immediate income with 12 units currently occupied, providing solid cash flow from day one. The remaining vacant units present clear upside for increased revenue through lease-up, rent optimization, and value-add improvements over time. Well-positioned on Lahser Road, the property offers convenient access to major freeways, public transportation, shopping, schools, and everyday amenities - helping support consistent tenant demand. This location makes it attractive for both long-term renters and investors focused on stable occupancy. Ideal for both seasoned and first-time multifamily investors, this asset provides multiple strategies to increase value, whether through improving operations, raising occupancy, or repositioning the property within the market. With strong in-place income and additional upside potential, this is a great opportunity to expand or strengthen your investment portfolio.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Read Less Info
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Match Realty
Nearby Locations
GET MORE INFORMATION