1241 Woodward Heights Blvd Hazel Park, MI 48030
This exceptional 8-unit Class A apartment building, located at 1241 E Woodward Heights Blvd in Hazel Park, MI 48030, presents a compelling investment opportunity. Built in 2022, this contemporary two-story townhouse-style complex boasts 100% occupancy and a strong financial performance, reflected in its $143,500 Net Operating Income (NOI) and 6.24% capitalization rate. The asking price is $2,300,000. Each of the eight units features two spacious bedrooms, two full bathrooms, and in-unit laundry facilities, making them ideal for small families, professionals, or roommates. Adding to the appeal, each unit includes an attached one-car garage, providing convenient and secure parking for residents. The property's prime location on E Woodward Heights Blvd offers easy access to local amenities, schools, parks, and major transportation routes. The modern design and high-quality construction ensure low maintenance and operational costs, making this a truly attractive investment. This property benefits from its new construction, energy-efficient design, and strong rental demand in the thriving Hazel Park area within Oakland County. The property is not subject to a ground lease. This is a turnkey investment ready for immediate income generation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.