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11-Unit Waterfront Apartment Building

408 N Liberty Street, Belleville, MI 48111

For Sale
Contact for pricing

Balconies overlook Belleville Lake, with downtown shops, restaurants and I-94 nearby.

Property SizeContact for details
Days on Market8

Property Features for 408 N Liberty Street

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 6 x 2BR, 5 x 1BR
Multifamily Units 11

Additional Details

Gross Income $148,800
Highway Access Yes
Tenant in Place Yes

Amenities

balconies
Listing Agency: The Jonna Group at Colliers International
Listed By: Simon Jonna · License #MI 6501357188
Source: Crexi
Added: Nov 2 Changed: Nov 8 Last Checked: Nov 8 at 4:50PM

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 The Jonna Group at Colliers International

Rey
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Investment Insights

Based on property information with market context.

This 11-unit apartment property includes six two-bedroom residences oriented toward Belleville Lake, each with a balcony overlooking the water. The remaining five apartments are one-bedroom units facing the street.

The property is in downtown Belleville, with shops and restaurants nearby and access to I-94.

Key Highlights

  • 11 apartments across two unit configurations
  • Six two‑bedroom apartments face Belleville Lake and include balconies overlooking the water
  • Five one‑bedroom apartments face the street

Property Analytics

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Lease Details

11
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

507
Businesses Nearby

Demographics for 48111, MI

44,055
Population
19,406
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
92%
High-School Grad
66.9 sq mi
ZIP Area
659
Density / Sq Mi
$74,125
Median Household Income
$42,194
Median Earnings
$1,162
Median Rent
$239,400
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 Wayne County, MI

$153 Jul
$139 Aug
$121 Sep
$125 Oct

Properties on Market for Apartment buildings in Wayne County

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 - Balconies overlook Belleville Lake, with downtown shops, restaurants and I-94 nearby.
Where is this apartment building located?
The property is located at 408 N Liberty Street Belleville, MI.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 11 apartments across two unit configurations; Six two‑bedroom apartments face Belleville Lake and include balconies overlooking the water; Five one‑bedroom apartments face the street
(249) 540-1000 Call to check price and availability
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