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16-Unit Apartment Building

3675 Oakman Boulevard, Detroit, MI 48204

For Sale
$464,900

Separate heat and electric meters serve each residence, with shared laundry in the basement.

Property SizeContact for details
Days on Market35

Property Features for 3675 Oakman Boulevard

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Neighborhood Petosky
Public Transit Yes

Units

Unit Mix 9 x 1BR, 7 x studio
Multifamily Units 16
Individually Metered Utilities heat, electric

Amenities

common basement laundry room
Listing Agency: Benjamin Management Group, Inc
Listed By: Alan Stalter · License MI #6501322697
Source: Alexmi
Added: Oct 11 Changed: Nov 7 Last Checked: Nov 12 at 6:59AM

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 Benjamin Management Group, Inc

Rey
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Investment Insights

Based on property information with market context.

The apartment property contains 16 residences: nine one-bedroom units of approximately 516 sq. ft. each and seven studios of approximately 288 sq. ft. each. Every unit has an individual furnace and hot water tank. Heat and electric are separately metered, and a shared laundry room is located in the basement. The property is being sold as-is.

Mass transit is directly across the street, and multifamily properties are established in the surrounding area.

Key Highlights

  • 16 units: nine one‑bedroom apartments at approximately 516 sq. ft. each and seven studios at approximately 288 sq. ft. each
  • Individual furnace and hot water tank in every unit
  • Heat and electric separately metered for each residence

Property Analytics

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Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

351
Businesses Nearby

Demographics for 48204, MI

21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Detroit, MI

$140 Jul
$147 Aug
$118 Sep
$125 Oct

Properties on Market for Apartment buildings in Detroit

Jul
Aug
Sep
Oct

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 - Separate heat and electric meters serve each residence, with shared laundry in the basement.
Where is this apartment building located?
The property is located at 3675 Oakman Boulevard Detroit, MI.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 16 units: nine one‑bedroom apartments at approximately 516 sq. ft. each and seven studios at approximately 288 sq. ft. each; Individual furnace and hot water tank in every unit; Heat and electric separately metered for each residence
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