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Two-Story Apartment Building
For Sale
$3,300,000

24290 Seven Mile W, Detroit, MI 48219

Two-story apartment building with 60 units, built in 1960, offers 1- and 2-bedroom unit mix.

Property Size40,970 SF
Price / SF$80.55
Days on Market193

Property Features for 24290 Seven Mile W

General Information

Standard status Active
Size 40,970 SF
Property subtype Multifamily
Zoning PD

Site & Location

Neighborhood Five Points

Building Details

Building Size 40,970 SF
Listing Agency: Keystone Commercial Real Estate
Listed By: Ferris Hamama · License #6501255590
Source: Cpix.resimplifi
Added: Apr 22 Changed: Oct 25 Last Checked: Oct 30 at 10:46AM

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 Keystone Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

Courtyard Apartments is a two-story apartment building with a total building area of 40,970 SF on 1.8 acres. The property includes 60 units: 58 one-bedroom units and 2 two-bedroom units. Built in 1960, the building is positioned for multifamily investors seeking an apartment asset with an extensive unit count.

The property is located at 24290 Seven Mile W in Detroit, MI 48219, approximately 15 minutes from Downtown Detroit.

Key Highlights

  • 40,970 SF, 2‑story apartment building on 1.8 acres
  • 60 total units: 58 units with 1 BR and 2 units with 2 BR
  • Built in 1960

Property Analytics

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Location Intelligence

Trade Area within ½ mile

446
Businesses Nearby

Demographics for 48219, MI

46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two-story apartment building with 60 units, built in 1960, offers 1- and 2-bedroom unit mix.
Where is this apartment building located?
The property is located at 24290 Seven Mile W Detroit, MI.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 40,970 SF, 2‑story apartment building on 1.8 acres; 60 total units: 58 units with 1 BR and 2 units with 2 BR; Built in 1960
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