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    Flat Rock, MI
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    Flat Rock, MI Multifamily Properties for Sale

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    Brownstown Township, MI Carleton, MI Romulus, MI Rockwood, MI Trenton, MI Gibraltar, MI Woodhaven, MI Newport, MI
    Four-Unit Residential Income Property
    Updated: May 27
    Four-Unit Residential Income Property

    29019 Sheeks, Flat Rock, MI 48134

    $349,000
    2,179 sqft
    4‑unit multi‑family building, fully leased
    Each unit has 1 bedroom and 1 bathroom
    3 of 4 units recently remodeled with new paint, flooring, kitchens, bathrooms, light fixtures, and insulation
    Estimated $50,000 in improvements made within the past year, including a new furnace on one unit
    Gas and electric are separately metered and paid by tenants
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    This listing looks promising.

    Here's a quick look at some key insights for

    29019 Sheeks, Flat Rock, MI 48134

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $21K
      Annual

    • Price @ 7% Cap

      $306K
      Suggested
    View Property Analytics
    Fully Leased 4-Unit Multifamily
    Updated: May 27
    Fully Leased 4-Unit Multifamily

    29019 Sheeks S, Flat Rock, MI 48134

    $342,000
    0.13 AC lot
    4‑unit multi‑family property; all units are 1 bedroom and 1 bathroom
    3 of 4 units recently remodeled with new paint, flooring, kitchens, bathrooms, light fixtures, and insulation
    About $50,000 in improvements made within the past year, including a new furnace on one unit
    Separate gas and electric meters; tenants pay their own gas/electric
    Common area expenses and water paid by the landlord
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Flat Rock, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Six-Unit Multifamily Property
    Six-Unit Multifamily Property

    4186 Drouillard Street, Lincoln Park, MI 48146

    $262,500
    1,200 sqft 0.10 AC lot

    Five of six units are currently rented, with two recently renovated, in a two-building multifamily setup.

    View details
    Multi-Family Income Property
    Multi-Family Income Property

    4178 Drouillard Street, Lincoln Park, MI 48146

    $262,500
    3,600 sqft 0.17 AC lot

    Two separate tax-ID buildings with 6 total units; 5 currently rented and recent inspections cover major mechanical systems.

    View details
    Wyandotte Multi-Family Investment Opportunity
    Wyandotte Multi-Family Investment Opportunity

    300 2nd St, Wyandotte, MI 48192

    $240,000

    Three-unit property in Wyandotte near Detroit River and parks.

    View details
    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    876 Vinewood St, Wyandotte, MI 48192

    $224,900

    Updated two-unit duplex with separate utilities and in-unit appliances for owner-occupants or long-term rental use.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Expansive Land with Development Potential
    Expansive Land with Development Potential

    VL N Fleming Road, Fowlerville, MI 48836

    $6,900,000
    354.27 AC lot

    350+ acres of prime land with two scenic lakes.

    View details
    Eastlake Marina District Land
    Eastlake Marina District Land

    35783 Lake Shore Boulevard, Eastlake, OH 44095

    $765,000
    5.66 AC lot

    5.66 acres in Eastlake's Marina District, primed for development.

    View details
    Residential Land in Mount Gilead
    Residential Land in Mount Gilead

    7326 State Route 19, Mount Gilead, OH 43338

    Contact for pricing
    0.40 AC lot

    Land available in Mount Gilead with lake amenities.

    View details
    Residential Land in Mount Gilead
    Residential Land in Mount Gilead

    7326 State Route 19, Unit 6, Lots 90,91,92, Mount Gilead, OH 43338

    Contact for pricing
    0.40 AC lot

    Land for sale with lake amenities in Mount Gilead.

    View details

    Off-Market Properties in Flat Rock, MI

    Consider similar Off-Market properties in Flat Rock, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    29019 Sheeks Blvd
    Multifamily properties

    29019 Sheeks Blvd, Flat Rock, MI 48134

    Value Estimation by Request
    2,197 sqft 0.13 AC lot
    View details

    Flat Rock, MI Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Flat Rock, MI on our real estate platform. These investment opportunities span a total of 2,179 square feet of properties for sale, with an estimated market value of $349,000.

    Sale prices for multifamily properties in Flat Rock, MI start at $349,000, averaging $349,000, and reaching up to $349,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 2

    Demographics Overview

    Population 24K
    Population Growth (5Y) +12.3%
    Median Household Income $88,821
    College Educated 32.6%

    High-Yield Neighborhoods for Investment

    Identify Flat Rock submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48134 $364K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wayne County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Flat Rock fall within the 10,000 to 25,000 square foot range.

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