3536 Montclair St Detroit, MI 48214

Listing agency Waller Group Homes l***@loganwaller.com Show Phone

Listed by Logan Waller · License #TX 0479147

Source Crexi

Added: Apr 11 Updated: Jul 20 at 11:21PM Checked: Jul 22 at 1:52PM

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Investment Insights

Based on property information with market context.

The property is a newly reconstructed 20-unit multifamily building that has been gutted down to the studs with exterior brick retained, and all other building systems replaced. Exterior improvements include a newly installed roof, windows, gutters, and trim. Interior updates include new foam insulation, all new electric wiring with each unit individually metered, and new plumbing with tank-less water heaters. Each unit also has its own new high-efficiency heater and thermostat, and there are no gas lines in use on the property. A laundry facility is located in the basement and could be converted into approximately six additional units.

The building is in Detroit, within walking distance of the new Stellantis Jefferson North Assembly Plant (Jeep-Dodge), which opened recently as part of a $900 million investment. The property is currently not occupied following the completion of major renovations. Current underwriting shows a proforma NOI of $167,962 and a management fee of 10.0% of EGI.

For inquiries and to view full inventory, contact Wade Sivess at [email protected] or 463-777-5260.

Key Highlights

• Newly reconstructed 20‑unit property in Detroit, MI, gutted down to studs and rebuilt with updated exterior brick.
• Exterior updates include a brand new roof, windows, gutters, and trim.
• All new electric wiring with each unit individually metered.

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FAQs

What type of property is this?

Apartment building - Recently gutted and rebuilt 20-unit building with new roof, windows, electric, plumbing, and individual metering.

Where is this apartment building located?

The property is located at 3536 Montclair St Detroit, MI.

What are key features of this property?

This property features: Newly reconstructed 20‑unit property in Detroit, MI, gutted down to studs and rebuilt with updated exterior brick.; Exterior updates include a brand new roof, windows, gutters, and trim.; All new electric wiring with each unit individually metered.