Detroit Multifamily Investment
12927 Plymouth Road Detroit, MI 48227
12927 Plymouth Road, Detroit, MI, 48227
$499,000
For Sale
$499,000
MULTI_FAMILY - Ranch - Detroit, MI
Property Size4,467 SF
Lot Size0.28 Acres
Price / SF$111.71
Days on Market139
Property Features for 12927 Plymouth Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Multi-Family
- Bedrooms
- 11
- Bathrooms
- 10
- Rooms
- Bathroom 9, Bedroom 2, Bathroom 7, Bathroom 2, Bedroom 8, Bedroom 11, Bathroom 5, Bedroom 3, Bathroom 1, Bedroom 9, Bathroom 4, Bathroom 6, Bedroom 7, Bathroom 3, Bedroom 10, Bedroom 5, Bathroom 8, Bathroom 10, Bedroom 4, Bedroom 6, Bedroom 1
- Standard status
- Active
- APN
- W22I004864C9
- Size
- 4,467 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Description
- S PLYMOUTH 30 THRU 35 COON AVE HGHTS SUB L36 P97 PLATS, W C R 22/576 120 X 100
- Tax Annual Amount
- 8378
Utilities
- Heating system
- Baseboard
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 10
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agency
RE/MAX Dream Properties
(248) 374-7700
Listed by
Behzad Bokani
(248) 374-7700
Added: Mar 6 Updated: Jul 12 at 11:33AM Checked: Jul 23 at 2:06AM
MLS# 20261014273
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a 10-unit apartment building located at 12927 Plymouth Rd in Detroit. The property is currently fully leased and generating monthly rental income. The property includes two adjacent vacant parking lots, located at 12913 Plymouth Rd and 12901 Plymouth Rd, which are fenced. The building has a brick exterior and a gated courtyard. Tenants are responsible for their own electric bills, including the electric baseboard heat. The property is being sold AS-IS. The lot size is 0.28 acres and the building size is 4467 square feet. The zoning is Multi-Family.
Key Highlights
- 10‑unit apartment building at 12927 Plymouth Rd, currently fully leased and generating $6,000/month in actual rent
- Brick exterior with a gated courtyard
- Baseboard heat with wall unit(s) cooling
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.4k | $19.80 |
| − Vacancy | −$6.4k | −$1.43 |
| EGI | $82.1k | $18.37 |
| − OpEx | −$36.9k | −$8.27 |
| NOI | $45.1k | $10.11 |
4,467 SF · lease $19.80/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$644.9K
$564.3K – $752.4K
NOI $45,143 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$726.7K
$635.9K – $847.9K
NOI $50,872 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - High-performing 10-unit apartment building with development potential.
Where is this apartment building located?
The property is located at 12927 Plymouth Road 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: 10‑unit apartment building at 12927 Plymouth Rd, currently fully leased and generating $6,000/month in actual rent; Brick exterior with a gated courtyard; Baseboard heat with wall unit(s) cooling
