3550 Montclair Street, Detroit, MI 48214
MULTI_FAMILY - Other - Detroit, MI
Property Features for 3550 Montclair Street
General Information
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Building Details
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Investment Insights
Based on property information with market context.
Improvements completed in 2022 include all-new windows, a new asphalt roof, and the installation of 2 new boilers and HWTs, along with some updated electrical and plumbing. Of the 16 units, 7 are currently occupied. Five units were completely remodeled with updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed.
Unit utility structure is set up with separately metered electricity and cooking gas for each unit, while the owner pays for heating, common area electric, and water. The front half of the basement has been gutted in preparation for the new owner to add 4 units. The property is located a few blocks from Chrysler/Stellantis’s new auto manufacturing plant. Water source is public.
Key Highlights
- 16‑unit brick apartment building on 0.23 acres
- 2022 upgrades include all‑new windows, new asphalt roof, and 2 new boilers and HWTs
- 7 of the 16 units currently occupied
Property Analytics
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Demographics for 48214, MI
Market
Vacancy Rate% for Multifamily in Midwest region