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10-Unit Apartment Building
For Sale
$499,000

12033 Monica St, Detroit, MI 48204

Fully occupied multifamily property with updated heating and hot water equipment in Detroit.

Property Size4,556 SF
Price / SF$109.53
Days on Market252

Property Features for 12033 Monica St

General Information

Standard status Active
Size 4,556 SF
Property subtype Multifamily
Zoning R3
Occupancy 100%

Additional Details

Multifamily Units 10

Building Details

Building Size 4,556 SF
Buildings 1
Listing Agency: Thomas A. Duke Company
Listed By: Andrew G Battersby · License #6501384188
Source: Cpix.resimplifi
Added: Feb 12 Changed: Oct 9 Last Checked: Oct 20 at 5:09PM

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 Thomas A. Duke Company

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Investment Insights

Based on property information with market context.

This 10-unit apartment building contains 4,556 square feet and is fully occupied. The property includes newer furnaces and hot water heaters, providing updated major building systems for the multifamily asset. R3 zoning supports its established apartment-building classification.

The building is located in Detroit near the Oakman Historical District. Its 10-unit configuration and current occupancy provide a straightforward profile for multifamily ownership.

Key Highlights

  • 10‑unit apartment building
  • 4,556 square feet of building area
  • Fully occupied

Property Analytics

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Lease Details

10
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

342
Businesses Nearby

Demographics for 48204, MI

21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with updated heating and hot water equipment in Detroit.
Where is this apartment building located?
The property is located at 12033 Monica St Detroit, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 10‑unit apartment building; 4,556 square feet of building area; Fully occupied
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