Detroit Multifamily Investment
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18027 Hoover St, Detroit, MI 48205
Nine-unit apartment complex in Detroit, fully remodeled, move-in ready.
Property Size5,000 SF
Price / SF$109.80
Days on Market152
Property Features for 18027 Hoover St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$48,604
Building Details
Year Built
1962
Buildings
1
Stories
2
Units
9
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Chris Futo · License #MI 6501358300
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 6:42AM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
The Hoover Street Apartments is a 9-unit apartment complex located in Detroit, MI. The property consists exclusively of one-bedroom units, with 100% of the units fully remodeled. Renovations include updated interiors and major appliances, positioning the property as a move in ready asset with minimal deferred maintenance and strong in-place appeal to residents seeking quality affordable housing. The property offers a tenant-friendly amenity package, including individual apartment entrances, free on-site parking, water included in rent, and on-site trash removal. Residents benefit from a convenient location just 15 minutes from downtown Detroit, with easy access to major freeways and public bus line transportation, supporting consistent rental demand. The property size is 5000 square feet.
Key Highlights
- 100% of units are fully remodeled with updated interiors and major appliances.
- Move‑in ready condition with minimal deferred maintenance.
- Tenant‑friendly amenities include individual apartment entrances, free on‑site parking, water included in rent, and on‑site trash removal.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit apartment complex in Detroit, fully remodeled, move-in ready.
Where is this apartment building located?
The property is located at 18027 Hoover St Detroit, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 100% of units are fully remodeled with updated interiors and major appliances.; Move‑in ready condition with minimal deferred maintenance.; Tenant‑friendly amenities include individual apartment entrances, free on‑site parking, water included in rent, and on‑site trash removal.
