Listing Agency: The Jonna Group at Colliers International r***@colliers.com Show Phone

Listed By: Simon Jonna · License #MI 6501357188

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 11:28AM

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Investment Insights

Based on property information with market context.

Colonial Manor Apartments is a 49-unit multifamily property containing 30,229 square feet. The apartment building is located at 18045 Lahser Road in Detroit, Michigan, with the property address identified as 18045-18111 Lahser Road.

Key Highlights

• 49 residential units
• 30,229 square feet of building area
• Colonial Manor Apartments

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Parking Lot & Garage Building Supply

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

49

Residential units

Location Intelligence

Trade Area within ½ mile

404

Businesses Nearby

Explore this area Business Placement

Demographics for 48219, MI

46,811

Population

20,815

Households

2.2

Avg Household Size

37

Median Age

13%

College-Educated

87%

High-School Grad

8.4 sq mi

ZIP Area

5,573

Density / Sq Mi

$43,882

Median Household Income

$31,187

Median Earnings

$1,037

Median Rent

$84,500

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 property comprising 49 residential units in Detroit.

Where is this apartment building located?

The property is located at 18045 Lahser Rd Detroit, MI.

What are key features of this property?

This property features: 49 residential units; 30,229 square feet of building area; Colonial Manor Apartments