Eight-Unit Apartment
For Sale
$395,000
19161 Kelly Rd, Grosse Pointe, MI 48224
Two-building apartment complex with eight units, recent improvements, and potential for a ninth garden-level unit.
Property Size5,092 SF
Price / SF$77.57
Days on Market696
Property Features for 19161 Kelly Rd
General Information
Standard status
Active
Size
5,092 SF
Property subtype
Multifamily
Zoning
R2
Additional Details
Multifamily Units
8
Building Details
Building Size
5,092 SF
Year Built
1954
Buildings
1
Stories
2
Listing Agency:
Thomas A. Duke Company
Listed By:
Andrew G Battersby · License #6501384188
(248) 476-3700
Source:
Cpix.resimplifi
Added: Oct 14, 2024
Changed: Aug 8
Last Checked: Jul 23 at 12:43PM
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
Investment Insights
Based on property information with market context.
This two-building apartment complex offers eight residential units for sale, including 19161 Kelly Rd and 16241 E 7 Mile Rd. The property has seen various improvements over the past year, and the current setup presents a potential value-add path through rent increases. There is also potential for a ninth unit on the garden level.
The complex is located on the northwest corner of E 7 Mile Rd and Kelly Rd on the Detroit/Harper Woods border, positioned on the east side of Detroit.
If you are evaluating an income-focused multifamily acquisition, this package provides an established eight-unit configuration with documented recent improvements and an additional expansion possibility at the garden level. Contact the broker for financial details.
The complex is located on the northwest corner of E 7 Mile Rd and Kelly Rd on the Detroit/Harper Woods border, positioned on the east side of Detroit.
If you are evaluating an income-focused multifamily acquisition, this package provides an established eight-unit configuration with documented recent improvements and an additional expansion possibility at the garden level. Contact the broker for financial details.
Key Highlights
- Two‑building, 8‑unit apartment complex for sale (19161 Kelly Rd & 16241 E 7 Mile Rd) in Detroit, MI
- Located on the northwest corner of E 7 Mile Rd and Kelly Rd, on the Detroit/Harper Woods border
- Year built: 1954
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 48224, MI
39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building apartment complex with eight units, recent improvements, and potential for a ninth garden-level unit.
Where is this apartment building located?
The property is located at 19161 Kelly Rd Grosse Pointe, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑building, 8‑unit apartment complex for sale (19161 Kelly Rd & 16241 E 7 Mile Rd) in Detroit, MI; Located on the northwest corner of E 7 Mile Rd and Kelly Rd, on the Detroit/Harper Woods border; Year built: 1954
