Multi-Family Apartment Building with 168
For Sale
$7,990,000
24224 Seven Mile West, Detroit, MI 48219
Three-story apartment building on 2.77 acres offering 168 units configured with 1- and 2-bedroom options.
Property Size186,800 SF
Lot Size2.77 Acres
Price / SF$42.77
Days on Market95
Property Features for 24224 Seven Mile West
General Information
Standard status
Active
Size
186,800 SF
Lot size
2.77 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
168
Building Details
Building Size
186,800 SF
Stories
3
Listing Agency:
Keystone Commercial Real Estate
Listed By:
Ferris Hamama · License #6501255590
(248) 406-7116
Source:
Keystonecres
Added: Jun 2
Changed: Aug 8
Last Checked: Sep 4 at 3:47AM
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 Keystone Commercial Real Estate
Investment Insights
Based on property information with market context.
This three-story apartment building totals 186,800 SF on 2.77 acres and includes 168 residential units. Unit mix consists of 120 one-bedroom units and 48 two-bedroom units, supported by ample communal spaces throughout the property.
The property is located in the Detroit area and is described as approximately 20 minutes from Downtown Detroit.
For investors focused on low-rise, garden-style multifamily properties, this sizable asset provides a straightforward unit count and clear bedroom mix within a dedicated apartment building footprint.
The property is located in the Detroit area and is described as approximately 20 minutes from Downtown Detroit.
For investors focused on low-rise, garden-style multifamily properties, this sizable asset provides a straightforward unit count and clear bedroom mix within a dedicated apartment building footprint.
Key Highlights
- 186,800 SF three‑story apartment building on 2.77 acres
- 168 total units with a 1BR/2BR mix: 120 one‑bedroom and 48 two‑bedroom
- Multifamily property with ample communal spaces
Property Analytics
Current Use
Lease Details
168
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
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 - Three-story apartment building on 2.77 acres offering 168 units configured with 1- and 2-bedroom options.
Where is this apartment building located?
The property is located at 24224 Seven Mile West Detroit, MI.
What is the asking price?
The asking price for this property is $7,990,000.
What are key features of this property?
This property features: 186,800 SF three‑story apartment building on 2.77 acres; 168 total units with a 1BR/2BR mix: 120 one‑bedroom and 48 two‑bedroom; Multifamily property with ample communal spaces
