64-Unit Apartment Complex For
21400 W 7 Mile Rd Detroit, MI 48219
For Sale
$3,500,000
64-unit apartment complex with rehab potential and property management in place.
Lot Size2.28 Acres
Days on Market128
Property Features for 21400 W 7 Mile Rd
General Information
Standard status
Active
Lot size
2.28 Acres
Property subtype
Investment
Building Details
Year Built
1955
Listing Agency:
Keller Williams Paint Creek
(248) 979-3466
Listed By:
Justin Zehel · License #6501397844
(248) 979-3466
Source:
Elliman
Added: Mar 24
Changed: Jul 10
Last Checked: Jul 28 at 1:17PM
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 Keller Williams Paint Creek
Investment Insights
Based on property information with market context.
This 64-unit brick apartment complex comprises 8 connected buildings on a 2.28-acre site. The property features 24 two-bedroom units and 40 one-bedroom units. The location offers curb appeal, and the complex is 75% occupied. Electrical and plumbing upgrades have been completed in the buildings. Sixteen vacant units require rehabilitation, while the remaining units have been remodeled. Each unit is equipped with an individual furnace, with tenants responsible for the utility costs. A large parking lot is available for tenants. The property includes a property management office and a property manager is in place. This complex presents an opportunity for a cash buyer or bank financing. The property can be purchased as part of a package with three other apartment complexes.
Key Highlights
- 64‑unit brick apartment complex with good curb appeal.
- High occupancy rate of 75%.
- Attractive mix of 24 two‑bedroom and 40 one‑bedroom units.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 64-unit apartment complex with rehab potential and property management in place.
Where is this apartment building located?
The property is located at 21400 W 7 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 64‑unit brick apartment complex with good curb appeal.; High occupancy rate of 75%.; Attractive mix of 24 two‑bedroom and 40 one‑bedroom units.
