3633 Oakman Blvd Detroit, MI 48204

Property Details for 3633 Oakman Blvd

Year built

1925

Lot size

0.13 lot acres

Property size

5,751 SF

Property type

Commercial real estate

Description

This exceptional investment property located at 3633 Oakman Boulevard in Detroit, Michigan presents a compelling opportunity for savvy investors. The property encompasses a substantial 5,751 square feet and sits on a 0.13-acre lot. The building itself comprises nine individual one-bedroom, one-bathroom apartments, offering a diverse rental portfolio. Currently, seven of these units are occupied by tenants, generating a consistent stream of rental income, providing immediate cash flow for the new owner. This translates to a significant return on investment, making this a particularly attractive proposition for those seeking a stable and profitable venture in the Detroit real estate market. The property's strong occupancy rate underscores its desirability and potential for future growth. The asking price for this multifamily property is $400,000. This represents a rare chance to acquire a well-maintained, income-producing asset in a dynamic and up-and-coming area of Detroit. The property's size and layout offer flexibility for future improvements or expansion, further enhancing its long-term value. Serious inquiries are encouraged to explore this promising investment opportunity.