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Loft-Style Apartment Building
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1193 Floyd St, Birmingham, MI 48009

A modern eight-unit apartment building with loft-style two-bedrooms featuring outdoor balcony space overlooking a park.

Property SizeContact for details
Days on Market121

Property Features for 1193 Floyd St

General Information

Standard status Active
Total Parking Spaces 12
Property subtype Multifamily

Additional Details

Multifamily Units 8
Listing Agency: Income Property Organization
Listed By: Al Beachum, J.D. · License #MI 6501347778
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 3:44PM

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 Income Property Organization

Investment Insights

Based on property information with market context.

Urban Parkside Apartments is an eight-unit apartment building with four one-bedroom, one-bath units and four two-bedroom, two-bath loft-style units. The one-bedroom units are on the ground floor and include a small patio and garden area along the south side adjacent to St. James Park. The two-bedroom units are located on the second and partial third floor mezzanine levels and include a 455 SF balcony overlooking the park.

The interiors include stone countertops and backsplashes, wood cabinets, stainless steel kitchen appliances, and ceramic tile floors in the bathrooms, with a mix of hard surface flooring and carpeting throughout the remainder of each unit. The exterior is described as black brick with grey fiber cement lap siding and metal, with some lap siding on the south facade in a “maple” color that respects the abutting park.

Urban Parkside provides 12 parking spaces, including one for each resident and four additional spaces for guests.

Key Highlights

  • 8‑unit apartment building on Floyd Street, south of E. Lincoln Street and just west of Woodward Ave (M‑1)
  • Unit mix: 4 one‑bed/one‑bath units (811 SF) and 4 two‑bed/two‑bath loft‑style units (1,140 SF)
  • Two‑bedroom units include a 455 SF balcony overlooking St. James Park

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Storage Facility (Bike/Boat/Book/etc) Store Catering Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

3,279
Businesses Nearby

Demographics for 48009, MI

21,817
Population
10,333
Households
2.1
Avg Household Size
43
Median Age
77%
College-Educated
99%
High-School Grad
5.0 sq mi
ZIP Area
4,363
Density / Sq Mi
$152,443
Median Household Income
$84,415
Median Earnings
$1,891
Median Rent
$712,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A modern eight-unit apartment building with loft-style two-bedrooms featuring outdoor balcony space overlooking a park.
Where is this apartment building located?
The property is located at 1193 Floyd St Birmingham, MI.
What are key features of this property?
This property features: 8‑unit apartment building on Floyd Street, south of E. Lincoln Street and just west of Woodward Ave (M‑1); Unit mix: 4 one‑bed/one‑bath units (811 SF) and 4 two‑bed/two‑bath loft‑style units (1,140 SF); Two‑bedroom units include a 455 SF balcony overlooking St. James Park
More about this property
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