Listing Agency: RE/MAX Dream Properties Show Phone

Listed By: Glen L Brown · License #6501272277 Show Phone

Source: Charterpropertiesgr

Added: Oct 2 Changed: Oct 5 Last Checked: Oct 5 at 6:33PM

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Investment Insights

Based on property information with market context.

This 9-unit multifamily property is located at 4742–4754 Anthony Wayne Drive in Detroit. Its location near Wayne State University places it within Midtown Detroit, with the Medical Center also nearby.

Key Highlights

• 9‑unit multifamily property
• Near Wayne State University and the Medical Center
• Located in Midtown Detroit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Nail Salon (Bike/Boat/Book/etc) Store Carpet & Flooring Store HVAC Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - The property is near Wayne State University in Midtown Detroit.

Where is this apartment building located?

The property is located at 4742-4754 Anthony Wayne Drive 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 property; Near Wayne State University and the Medical Center; Located in Midtown Detroit