Listing Agency: The Jonna Group at Colliers International Show Phone

Listed By: Tony Fayne · License #MI 6501295851

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 7:21PM

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Investment Insights

Based on property information with market context.

Rainer Court Apartments is a multifamily property containing 36 apartment units. The asset is located at 711 West Alexandrine Street in Detroit, Michigan 48201.

Key Highlights

• 36 apartment units
• Located at 711 West Alexandrine Street
• Detroit, MI 48201

Property Analytics

Property Profile

Current Use

Devenir District - 711 ... Apartment Building

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Big Box & Wholesale Store Accounting Firm Nail Salon Barber Shop

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

36

Residential units

Location Intelligence

Trade Area within ½ mile

2,972

Businesses Nearby

Explore this area Business Placement

Demographics for 48201, MI

14,500

Population

9,900

Households

1.5

Avg Household Size

33

Median Age

37%

College-Educated

88%

High-School Grad

1.9 sq mi

ZIP Area

7,632

Density / Sq Mi

$24,392

Median Household Income

$36,835

Median Earnings

$841

Median Rent

$401,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily asset identified as Rainer Court Apartments in Detroit’s 48201 area.

Where is this apartment building located?

The property is located at 711 West Alexandrine Street Detroit, MI.

What are key features of this property?

This property features: 36 apartment units; Located at 711 West Alexandrine Street; Detroit, MI 48201