Dix Toledo Rd Woodhaven, MI 48183
- Apartment buildings
- 20,000 SF
Current Use by Public Records
- Apartment buildings
Property Details for 0 Dix Toledo Rd
- Property size
- 20,000 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a proposed 140-unit multifamily apartment development in Brownstown Township, Michigan, conveniently located on Dix Toledo Road, zip code 48183. The project encompasses seven three-story buildings, totaling 20,000 square feet on a 12.9-acre lot (APN 70-030-99-0031-000). The development plan, approved in 2015 (subject to renewal), includes a mix of unit sizes to cater to diverse needs: 23 units at 835 square feet, 19 units at 1,119 square feet, 60 units at 1,114 square feet, and 8 units at 1,382 square feet. This translates to a variety of one, two, and three-bedroom floor plans. Ample parking is provided with 264 spaces. The property is zoned B1-M-F, allowing for potential alternative uses beyond residential, including commercial options. The price per unit is $5,357.14. This prime location in Woodhaven, Wayne County, offers significant potential for strong rental income and long-term appreciation. The approved plans provide a solid foundation for a swift development timeline. Don't miss this chance to acquire a substantial multifamily asset in a thriving Michigan market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woodhaven
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2542
- Latitude
- 42.1527
