12880 Dolson St Detroit, MI 48223
- Commercial real estate
- 35,500 SF
- 1.18 lot acres
Current Use by Public Records
- Unex Group Dolson Arms Apartments / Apartment Building
Property Details for 12880 Dolson St
- Year built
- 1971
- Lot size
- 1.18 lot acres
- Property size
- 35,500 SF
- Property type
- Commercial real estate
Description
Exceptional investment opportunity in Detroit, Michigan. This 3-story, 35,500 square foot apartment building at 12880 Dolson Street boasts 42 units with 100% occupancy. Built in 1971 and situated on a 1.18-acre lot, the property features 50 parking spaces and is zoned R-1. The building offers a strong rental history and a stable tenant base, providing a reliable income stream. With a price of $2,600,000 ($73.24/sq ft and $61,904.76/unit), this turnkey investment is ideal for those seeking a solid addition to their portfolio. The property's prime Detroit location and consistent full occupancy make it an attractive prospect for investors looking for enduring value and a dependable return. This multifamily asset presents a rare opportunity to acquire a well-maintained, high-performing property in a growing market. The building's size and unit count offer significant potential for future growth and appreciation. The substantial parking provision adds further value to this already attractive investment. This is a turnkey opportunity with a proven track record of success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.255424330082
- Latitude
- 42.381933632342
