Profitable 10-Unit Apartment Building

12927 Plymouth Rd, Detroit, MI 48227

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For Sale

$499,000

Fully leased apartment building with parking lots for sale.

Type:Investment

HighLights

High‑performing 10‑unit apartment building generating $6,000/month in actual rent.
Impressive 8%+ Cap Rate with additional room to grow.
Includes two adjacent vacant parking lots for tenant parking or future development.
Currently fully leased, providing cash‑flow from day one.
Low‑maintenance brick exterior and gated courtyard.
Tenants pay their own electric bills, including electric baseboard heat.

We can help!

Listing Contact

Behzad Bokani

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For Sale

$499,000

Fully leased apartment building with parking lots for sale.

Type:Investment

Added:: Apr 28, 2026
Days on Market:: 50
Last Refresh:: Apr 28 at 7:57 pm

Property Features for 12927 Plymouth Rd

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1955

We can help!

Listing Contact

Behzad Bokani

Listing agent Behzad Bokani

Listing office RE/MAX Dream Properties

Listing date Apr 28, 2026

Source Elliman

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 RE/MAX Dream Properties

HighLights

High‑performing 10‑unit apartment building generating $6,000/month in actual rent.
Impressive 8%+ Cap Rate with additional room to grow.
Includes two adjacent vacant parking lots for tenant parking or future development.
Currently fully leased, providing cash‑flow from day one.
Low‑maintenance brick exterior and gated courtyard.
Tenants pay their own electric bills, including electric baseboard heat.

Overview

This is a 10-unit apartment building located at 12927 Plymouth Rd. The property is currently fully leased and generating $6,000 per month in rent. The property includes two adjacent vacant parking lots, located at 12913 Plymouth Rd and 12901 Plymouth Rd. The property features a brick exterior and gated courtyard. Tenants are responsible for their own electric bills, including electric baseboard heat.

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Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -83.1712676
Latitude: 42.3729233

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For sale
Apartment buildings
MI
Detroit
48227
12927 Plymouth Rd

What type of property is this?

Apartment building - Fully leased apartment building with parking lots for sale.

Where is this apartment building located?

The property is located at 12927 Plymouth Rd 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: High‑performing 10‑unit apartment building generating $6,000/month in actual rent.; Impressive 8%+ Cap Rate with additional room to grow.; Includes two adjacent vacant parking lots for tenant parking or future development.