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9-Unit Apartment Building

14800 Vernor Hwy, Detroit, MI 48215

For Sale
$650,000

The building combines one-bedroom apartments with studio units and includes laundry facilities.

Property Size5,750 SF
Days on Market48

Property Features for 14800 Vernor Hwy

General Information

Standard status Active
Size 5,750 SF
Property subtype Multifamily

Site & Location

Neighborhood Riverbend

Units

Unit Mix 7 x 1BR, 2 x studio
Multifamily Units 9

Building Details

Building Size 5,750 SF
Year Built 1926
Buildings 1
Listing Agency: Thomas A. Duke Company
Listed By: Andrew Battersby · License MI #6501384188
Source: Thomasduke
Added: Sep 24 Changed: Nov 1 Last Checked: Nov 10 at 6:13AM

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 Thomas A. Duke Company

Rey
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Investment Insights

Based on property information with market context.

Built in 1926, this nine-unit apartment property contains seven one-bedroom apartments and two studios. Property updates include windows, a hot water tank, laundry, and glass block.

The building is on Vernor Highway near the Detroit–Grosse Pointe border, placing it between the two communities.

Key Highlights

  • Nine apartments: seven 1 BR units and two studio units
  • Built in 1926
  • Updates include windows, a hot water tank, laundry, and glass block

Property Analytics

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Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

784
Businesses Nearby

Demographics for 48215, MI

10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Detroit, MI

$140 Jul
$147 Aug
$118 Sep
$125 Oct

Properties on Market for Apartment buildings in Detroit

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The building combines one-bedroom apartments with studio units and includes laundry facilities.
Where is this apartment building located?
The property is located at 14800 Vernor Hwy Detroit, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Nine apartments: seven 1 BR units and two studio units; Built in 1926; Updates include windows, a hot water tank, laundry, and glass block
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