Building Details

Year Built 1996

Year Renovated 2021

Stories 2

Units 15

Listing Agency: Thomas Duke Company e***@thomasduke.com Show Phone

Listed By: Eric Szerlag · License #MI 6501343471

Source: Crexi

Added: Feb 8, 2024 Changed: Aug 8 Last Checked: Aug 9 at 2:47PM

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Investment Insights

Based on property information with market context.

A 15-unit apartment complex is available for sale in Detroit, Michigan. The complex features a townhome style layout, consisting of 14 duplex units and one freestanding townhome.

Key Highlights

• 15‑unit townhome‑style apartment complex, an investment property opportunity.
• Consists of 14 duplex units and one freestanding townhome.
• Located in Detroit, MI.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic Real Estate Agency HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

561

Businesses Nearby

Explore this area Business Placement

Demographics for 48227, MI

40,266

Population

19,933

Households

2

Avg Household Size

36

Median Age

12%

College-Educated

83%

High-School Grad

7.5 sq mi

ZIP Area

5,369

Density / Sq Mi

$36,221

Median Household Income

$31,797

Median Earnings

$1,034

Median Rent

$70,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - 15-unit townhome style apartment complex for sale in Detroit.

Where is this apartment building located?

The property is located at 15401 - 15487 Meyers Rd Detroit, MI.

What is the asking price?

The asking price for this property is $1,490,000.

What are key features of this property?

This property features: 15‑unit townhome‑style apartment complex, an investment property opportunity.; Consists of 14 duplex units and one freestanding townhome.; Located in Detroit, MI.