9-Unit Multifamily
For Sale
$2,100,000
4742-4754 Anthony Wayne Dr Unit 4742, Detroit, MI 48201
Nine-unit multifamily building near Wayne State and Midtown demand drivers, offering an investor-focused income profile.
Property SizeContact for details
Days on Market84
Property Features for 4742-4754 Anthony Wayne Dr Unit 4742
General Information
Standard status
Active
Additional Details
Cap Rate
8.1%
Multifamily Units
9
Building Details
Year Built
1913
Listing Agency:
RE/MAX Dream Properties
Listed By:
Glen L Brown · License #6501272277
(734) 462-3600
Source:
Premiermichiganhomesearch
Added: Jul 3
Changed: Sep 6
Last Checked: Sep 22 at 9:41PM
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 RE/MAX Dream Properties
Investment Insights
Based on property information with market context.
The property at 4742-4754 Anthony Wayne Drive is a 9-unit multifamily building built to serve residential income needs. It presents as an investor-oriented asset with a reported 8.1% cap rate.
The building is located in Midtown Detroit and positioned near Wayne State University, as well as the Medical Center and other major Midtown demand drivers referenced in the materials. This proximity can be relevant for tenants seeking convenient access to established employment and education centers.
For buyers and operators, this 9-unit configuration offers straightforward scale within a single multifamily property. The offering is presented as a well-located investment in a recognized rental corridor, with the seller noting additional upside potential. Interested parties should review the operating history and lease details directly to confirm current income, expenses, and the basis for any projected performance changes.
The building is located in Midtown Detroit and positioned near Wayne State University, as well as the Medical Center and other major Midtown demand drivers referenced in the materials. This proximity can be relevant for tenants seeking convenient access to established employment and education centers.
For buyers and operators, this 9-unit configuration offers straightforward scale within a single multifamily property. The offering is presented as a well-located investment in a recognized rental corridor, with the seller noting additional upside potential. Interested parties should review the operating history and lease details directly to confirm current income, expenses, and the basis for any projected performance changes.
Key Highlights
- 9‑unit multifamily building
- Year built: 1913
- Offered at $2,100,000
Property Analytics
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Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 48201, MI
14,500
Population
9,900
Households
1.5
Avg Household Size
33
Median Age
37%
College-Educated
88%
High-School Grad
1.9 sq mi
ZIP Area
7,632
Density / Sq Mi
$24,392
Median Household Income
$36,835
Median Earnings
$841
Median Rent
$401,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit multifamily building near Wayne State and Midtown demand drivers, offering an investor-focused income profile.
Where is this apartment building located?
The property is located at 4742-4754 Anthony Wayne Dr Unit 4742 Detroit, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 9‑unit multifamily building; Year built: 1913; Offered at $2,100,000
