Current Use by Public Records
- Apartment buildings
Property Details for 1241 Woodward Heights Blvd
- Property type
- Apartment buildings
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hazel Park
- County
- Oakland
- State
- Michigan
- Longitude
- -83.0919
- Latitude
- 42.4692
