Listing Agency: Global Real Estate Advisors (GREA)

Listed By: Cary Belovicz · License #MI 6502406329

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 12:15AM

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Investment Insights

Based on property information with market context.

State Fair Apartments is a multifamily property at 19750 Marx in Detroit, Michigan. The asset contains 64 apartment units and is offered for sale.

The property is classified as an apartment building and represents a residential income asset within the multifamily sector.

Key Highlights

• 64 apartment units
• Apartment building asset
• Multifamily property

Property Analytics

Current Use

Purpose By Design Social Service Agency

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center HVAC 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.

Lease Details

64

Residential units

Location Intelligence

Trade Area within ½ mile

615

Businesses Nearby

Explore this area Business Placement

Demographics for 48203, MI

22,168

Population

13,591

Households

1.6

Avg Household Size

39

Median Age

19%

College-Educated

85%

High-School Grad

8.2 sq mi

ZIP Area

2,703

Density / Sq Mi

$35,108

Median Household Income

$28,364

Median Earnings

$799

Median Rent

$76,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property comprising a substantial apartment unit count.

Where is this apartment building located?

The property is located at 19750 Marx Detroit, MI.

What are key features of this property?

This property features: 64 apartment units; Apartment building asset; Multifamily property