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All-Brick 25-Unit Rental Portfolio
For Sale
$2,179,000

2011 Ewald Cir, Detroit, MI 48238

Fully occupied 25-unit multifamily portfolio on Ewald Circle with completed Certificates of Compliance.

Property Size1,342 SF
Price / SF$1,623
Days on Market667

Property Features for 2011 Ewald Cir

General Information

Standard status Active
Size 1,342 SF
Property subtype Multifamily
Zoning R3
Occupancy 100%

Additional Details

Multifamily Units 25

Building Details

Building Size 1,342 SF
Year Built 1945
Buildings 1
Stories 2
Construction brick
Listing Agency: Thomas A. Duke Company
Listed By: Andrew G Battersby · License #6501384188
Source: Cpix.resimplifi
Added: Oct 14, 2024 Changed: Aug 8 Last Checked: Aug 11 at 4:41AM

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 for-sale portfolio includes 25 fully occupied rental units across all-brick multifamily properties. The portfolio notes various renovations and indicates that Certificates of Compliance have been completed.

All properties are located on Ewald Circle between Oakman Boulevard and Fullerton Street.

Additional portfolio details are available from the broker.

Key Highlights

  • 25‑unit multifamily portfolio in Detroit, MI, fully occupied
  • NOI of $236,150.00
  • All‑brick properties with various renovations

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Gym & Fitness Center Electrical Service Hair Salon

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

25
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

486
Businesses Nearby

Demographics for 48238, MI

25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
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 - Fully occupied 25-unit multifamily portfolio on Ewald Circle with completed Certificates of Compliance.
Where is this apartment building located?
The property is located at 2011 Ewald Cir Detroit, MI.
What is the asking price?
The asking price for this property is $2,179,000.
What are key features of this property?
This property features: 25‑unit multifamily portfolio in Detroit, MI, fully occupied; NOI of $236,150.00; All‑brick properties with various renovations
More about this property
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