Occupied
For Sale
$205,000
6545 W Edsel Ford Fwy, Detroit, MI 48210
Both units are rented, and the property has a current Detroit Certificate of Compliance.
Property Size1,624 SF
Days on Market12
Property Features for 6545 W Edsel Ford Fwy
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Investment
Occupancy
100%
Site & Location
Neighborhood
Chadsey Condon
Highway Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$28,800
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,169
Building Details
Building Size
1,624 SF
Year Built
1886
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
CMB Real Estate
Listed By:
Ligia M Godoy
(313) 301-4899
Source:
Elliman
Added: Oct 19
Changed: Oct 29
Last Checked: Oct 28 at 10:11AM
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 CMB Real Estate
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Investment Insights
Based on property information with market context.
This Detroit duplex, built in 1886, is fully occupied. The current tenants prefer to remain, and the property holds a current City of Detroit Certificate of Compliance.
Located at 6545 W Edsel Ford Fwy, the property has access to the Edsel Ford Freeway and I-94 corridor. Schools, restaurants, and shops are identified nearby. The property’s scores are 59 for biking, 29 for walking, and 39 for transit.
Located at 6545 W Edsel Ford Fwy, the property has access to the Edsel Ford Freeway and I-94 corridor. Schools, restaurants, and shops are identified nearby. The property’s scores are 59 for biking, 29 for walking, and 39 for transit.
Key Highlights
- Two‑unit duplex built in 1886
- Fully occupied with tenants who prefer to stay
- Current City of Detroit Certificate of Compliance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,560
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,200
$371.2K
Cap Rate 7%
$265,143
$265.1K
Cap Rate 9%
$206,222
$206.2K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$28.3K $17.40/SF
− Vacancy
−$1.7K −$1.07/SF
EGI
$26.5K $16.33/SF
− OpEx
−$8.0K −$4.90/SF
NOI
$18.6K $11.43/SF
Area
Detroit, MI
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,200
Cap Rate 7%
$265,143
Cap Rate 9%
$206,222
Alternative Uses
Best Use
Multifamily LT 5
$265.1K
$232.0K – $309.3K
NOI $18,560 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$243.4K
$213.0K – $284.0K
NOI $17,037 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$358.3K
$313.5K – $418.0K
NOI $25,078 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Explore this area
Business Placement
Demographics for 48210, MI
27,155
Population
10,576
Households
2.6
Avg Household Size
28
Median Age
9%
College-Educated
57%
High-School Grad
4.9 sq mi
ZIP Area
5,542
Density / Sq Mi
$38,900
Median Household Income
$25,220
Median Earnings
$968
Median Rent
$60,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are rented, and the property has a current Detroit Certificate of Compliance.
Where is this duplex located?
The property is located at 6545 W Edsel Ford Fwy Detroit, MI.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1886; Fully occupied with tenants who prefer to stay; Current City of Detroit Certificate of Compliance
