Reconstructed 20-Unit Multifamily
For Sale
Contact for pricing
Pending
3536 Montclair St, Detroit, MI 48214
Recently gutted and rebuilt 20-unit building with new roof, windows, electric, plumbing, and individual metering.
Days on Market111
Property Features for 3536 Montclair St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
20
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 29 at 5:15PM
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 Waller Group Homes
Investment Insights
Based on property information with market context.
The property is a newly reconstructed 20-unit multifamily building that has been gutted down to the studs with exterior brick retained, and all other building systems replaced. Exterior improvements include a newly installed roof, windows, gutters, and trim. Interior updates include new foam insulation, all new electric wiring with each unit individually metered, and new plumbing with tank-less water heaters. Each unit also has its own new high-efficiency heater and thermostat, and there are no gas lines in use on the property. A laundry facility is located in the basement and could be converted into approximately six additional units.
The building is in Detroit, within walking distance of the new Stellantis Jefferson North Assembly Plant (Jeep-Dodge), which opened recently as part of a $900 million investment. The property is currently not occupied following the completion of major renovations. Current underwriting shows a proforma NOI of $167,962 and a management fee of 10.0% of EGI.
For inquiries and to view full inventory, contact Wade Sivess at [email protected] or 463-777-5260.
The building is in Detroit, within walking distance of the new Stellantis Jefferson North Assembly Plant (Jeep-Dodge), which opened recently as part of a $900 million investment. The property is currently not occupied following the completion of major renovations. Current underwriting shows a proforma NOI of $167,962 and a management fee of 10.0% of EGI.
For inquiries and to view full inventory, contact Wade Sivess at [email protected] or 463-777-5260.
Key Highlights
- Newly reconstructed 20‑unit property in Detroit, MI, gutted down to studs and rebuilt with updated exterior brick.
- Exterior updates include a brand new roof, windows, gutters, and trim.
- All new electric wiring with each unit individually metered.
Property Analytics
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 48214, MI
18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
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 - Recently gutted and rebuilt 20-unit building with new roof, windows, electric, plumbing, and individual metering.
Where is this apartment building located?
The property is located at 3536 Montclair St Detroit, MI.
What are key features of this property?
This property features: Newly reconstructed 20‑unit property in Detroit, MI, gutted down to studs and rebuilt with updated exterior brick.; Exterior updates include a brand new roof, windows, gutters, and trim.; All new electric wiring with each unit individually metered.
