1981 W Mcnichols Rd Detroit, MI 48203

This 1925-built apartment building in Detroit's Highland Park neighborhood presents an exceptional value-add opportunity. Boasting a 1.8-acre lot (APN: 08-005551, 43-004-04-0033-000, 43-004-04-0038-000, 43-004-04-0045-000, 43-004-04-0068-000), the property is currently at 0% occupancy, offering immediate potential for lease-up and renovations of fire-damaged units. Its prime location, just 0.6 miles from Henry Ford Hospital and 1.2 miles from Wayne State University, provides strong rental demand. A 15-minute drive from Downtown Detroit, it also benefits from proximity to the University of Detroit Mercy College of Engineering, Woodward Avenue, I-75, and the John C. Lodge Freeway (M-10). Renovating existing units presents a cost-effective alternative to new construction given current market conditions. The property's adjacency to Palmer Park and the Detroit Golf Club offers residents access to walking trails, disc golf, tennis, and a nature center. Furthermore, its location along a main thoroughfare, near increased police presence in the adjacent Palmer Park (a Project Green Light participant), enhances resident safety. This property offers a compelling combination of location, potential, and cost-effectiveness.