62-Unit Apartment
For Sale
Contact for pricing
1060 Alter Road, Detroit, MI 48215
Pointe Manor Apartments offers 62 garden-style units across four brick buildings with coin laundry and updated appliances.
Property SizeContact for details
Days on Market122
Property Features for 1060 Alter Road
General Information
Standard status
Active
Property subtype
Multifamily
Financials
Business Included
Yes
Opportunity Zone
Yes
Additional Details
Multifamily Units
62
Building Details
Year Built
1926
Listing Agency:
Global Real Estate Advisors (GREA)
Listed By:
Cary Belovicz · License #MI 6502406329
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Real Estate Advisors (GREA)
Investment Insights
Based on property information with market context.
Pointe Manor Apartments is a 62-unit apartment community constructed in 1926 and arranged into four separate garden style brick buildings. The unit mix includes 22 studio units, 38 one-bedroom units, and 2 two-bedroom units. Heating is provided via landlord-paid gas boiler heat, and each building has coin operated laundry. Several common updates are noted, including newer stoves and refrigerators. Electricity responsibilities vary by building: tenants pay electricity in two of the four buildings (1020 and 1044 Alter Road), while the landlord is responsible for electricity in the other two buildings (1034 and 1060 Alter Road).
The property is located just off Alter Road near the intersection of Alter Road and East Jefferson Avenue, next to the Jefferson Chalmers neighborhood of Detroit. Grosse Pointe is described as 1 block north, and Downtown Detroit is described as 6.9 miles south of the property.
The property is located just off Alter Road near the intersection of Alter Road and East Jefferson Avenue, next to the Jefferson Chalmers neighborhood of Detroit. Grosse Pointe is described as 1 block north, and Downtown Detroit is described as 6.9 miles south of the property.
Key Highlights
- 62‑unit garden‑style apartment community in Detroit, MI, constructed in 1926
- Community consists of 4 separate brick buildings on Alter Road (1020, 1034, 1044, and 1060 Alter Road)
- Unit mix includes 22 studios, 38 one‑bedroom units, and 2 two‑bedroom units
Property Analytics
Current Use
Lease Details
62
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 48215, MI
10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Pointe Manor Apartments offers 62 garden-style units across four brick buildings with coin laundry and updated appliances.
Where is this apartment building located?
The property is located at 1060 Alter Road Detroit, MI.
What are key features of this property?
This property features: 62‑unit garden‑style apartment community in Detroit, MI, constructed in 1926; Community consists of 4 separate brick buildings on Alter Road (1020, 1034, 1044, and 1060 Alter Road); Unit mix includes 22 studios, 38 one‑bedroom units, and 2 two‑bedroom units
