Contacts
Property Details
- Property Type Other
- Units 14
- Year Built 1927
- Date Updated Feb 20, 2025
Property Features & Highlights
- 12 of 14 Units Have Been Renovated
- Updated Baths & Kitchens (Tenants Provide Appliances)
- New Windows, Gutters, Roof (5-6 Years Old)
- Includes Adjacent Lot - Additional Parking Possible
Unit Updates & Amenities
- New Cabinets & Flooring
- New Toilets, Tubs, Vanities
- New Electrical Fixtures
- New Master Keyed Unit Doors
- Laundry Hookups in Basement
Recent Capital Expenditures
- New Windows & Gutters
- Roof is 5-6 Years Old
- New Electrical Panels, Service, & Wire
- New Gas Lines & Plumbing to Street
- New Exterior Doors & LED Lighting
- 2 Basement Units Require Cabinets & Flooring to be Rentable
- Includes Adjacent Lot Which Can be Used for Parking
Detroit Market Outlook
- Demand: Demand for apartments in Detroit increased to a three-year high.
- New construction: New construction slowed down, which reduced supply-side pressures.
- Absorption: New apartment construction was absorbed in the suburbs, but it was more difficult to absorb in the city.
- Operating expenses: Operating expenses at many buildings increased, including labor and insurance costs.
Rent Growth Outlook
- Rent growth is expected to continue to improve over the next 12–18 months.
- Rent growth is expected to accelerate, surpassing 5% by mid-2025.
- The gap between new supply and demand narrowed to its smallest point since early 2021, suggesting market stabilization in 2025.
Reach out to the broker for more info on lease terms and amenities
Getting around
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29/100
Walk Score ®
-
47/100
Transit Score ®
-
47/100
Bike Score ®
Location
- City Detroit, MI
- Neighborhood Airport
- Zip Code 48213
- Market Detroit
Points of Interest
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Grand Boulevard
3.08 miles
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Baltimore Street
3.09 miles
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Amsterdam Street
3.11 miles
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Detroit
3.13 miles
-
Ferry Street
3.19 miles
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Warren Avenue
3.25 miles
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Canfield Street
3.40 miles
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Mack Avenue
3.60 miles
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Martin Luther King Junior Boulevard
3.62 miles
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Sproat Street
3.84 miles
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Mobil
0.24 miles
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BP
0.30 miles
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Citgo
0.51 miles
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Sunoco
0.70 miles
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Amoco
0.73 miles
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76
0.87 miles
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Wayne State University - Parking Structure #6
3.32 miles
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Wayne State University - Parking Structure #8
3.42 miles
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Detroit Pistons Performance Center
3.51 miles
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Wayne State University - Parking Structure #5
3.59 miles
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WCCC Eastern Campus Lot
1.61 miles
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FCA Employee Parking
2.75 miles
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Kirby Center Lofts Lot
2.77 miles
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John R Lot
2.94 miles
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Lot 12
2.97 miles
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CCS Parking Structure
2.98 miles
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Kresge Parking Deck
3.00 miles
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WSU Parking Structure 4
3.03 miles
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DIA Visitor Parking
3.06 miles
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Veteran's Park Hotel
1.67 miles
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Cabana Motel
2.11 miles
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Hamtramck Hotel & Hostel
2.20 miles
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Paris Hotel
2.66 miles
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Metro Lodge
2.87 miles
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Mt. Elliott Motel
2.92 miles
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The Inn on Ferry Street
3.11 miles
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Hotel St. Regis
3.16 miles
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Baymont Downtown Detroit
3.48 miles
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The Winder Street Inn
3.75 miles
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Farmer John Food Center
0.71 miles
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Wonder Foods Supermarket
1.21 miles
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Krown Supermarket
1.54 miles
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Bismillah Grocery
1.89 miles
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Save-A-Lot
1.92 miles
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Thrifty Scot
1.93 miles
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Al-Haramain International Foods
1.94 miles
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Fresh Valley Market
2.08 miles
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Grocery Outlet
2.10 miles
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Janes Market Liquor Store
2.13 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
