Multifamily Apartment
18637 James Couzens Fwy Detroit, MI 48235
For Sale
Contact for pricing
Pending
Portfolio totals 112 units with new roofs from 2018 and a planned gut renovation for a previously fire-affected building.
Days on Market107
Property Features for 18637 James Couzens Fwy
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
Greater Development LLC
Listed By:
Brady Williams · License #MI 6501413257
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 26 at 9:31AM
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 Greater Development LLC
Investment Insights
Based on property information with market context.
The Detroit West Side 3 Portfolio totals 112 apartment units across multiple properties. Two of the buildings are described as 95%+ occupied, and the portfolio includes a third building (Louis Apartments) that recently experienced a fire and is undergoing a full, gut renovation expected to be delivered upon completion. Over the past three years, moderate renovations have been completed on approximately 28% of the units (32 units), averaging $4,000 per unit, with the remaining units still available for further renovation to increase gross potential rent.
The properties received new roofs in 2018. Heat is provided by a boiler in Pickford Place and Stacey Ann, with the landlord paying for water and gas. Louis Apartments uses electric baseboard heat, with the owner responsible for water. All properties are individually metered for electric and billed directly to the tenant. Management is handled by a third party with three full-time employees on site, including a property manager and two maintenance technicians.
The properties received new roofs in 2018. Heat is provided by a boiler in Pickford Place and Stacey Ann, with the landlord paying for water and gas. Louis Apartments uses electric baseboard heat, with the owner responsible for water. All properties are individually metered for electric and billed directly to the tenant. Management is handled by a third party with three full-time employees on site, including a property manager and two maintenance technicians.
Key Highlights
- Detroit West Side 3 Portfolio with 112 total units across multiple properties
- Two properties are 95%+ occupied and gross over $686k per year
- Louis Apartments is undergoing a full gut renovation following a fire and will be delivered upon completion
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Portfolio totals 112 units with new roofs from 2018 and a planned gut renovation for a previously fire-affected building.
Where is this apartment building located?
The property is located at 18637 James Couzens Fwy Detroit, MI.
What are key features of this property?
This property features: Detroit West Side 3 Portfolio with 112 total units across multiple properties; Two properties are 95%+ occupied and gross over $686k per year; Louis Apartments is undergoing a full gut renovation following a fire and will be delivered upon completion
