Listed by Friedman Real Estate
Unpriced
1981 - 2025 W McNichols Road
Details
APN 08-005551, 43-004-04-0033-000, 43-004-04-0038-000, 43-004-04-0045-000, 43-004-04-0068-000
Property Type Multifamily
Sub Type Apartment Building
Year Built 1925
Acreage 1.800
Multifamily
Marketing description
For Sale
Investment highlights
- 0% portfolio occupancy provides a value add opportunity to lease up vacant units and repair fire damaged units
- Located on the northwest corner of the Highland Park neighborhood in Detroit, approximately 0.60 miles east of Henry Ford Hospital and approximately 1.2 miles north of Wayne State University
- 15 minute drive north of Downtown Detroit and within a mile of the University of Detroit Mercy College of Engineering
- Located within two miles of access to Woodward Avenue, I-75, and John C. Lodge Freeway (M-10)
- There is an opportunity for a lower-cost basis to deliver refreshed units versus a tear down/new build due to the rising construction costs
- Directly south of Palmer Park and the Detroit Golf Club, which provide walking trails, disc golf, tennis, and nature center
- The ±21 Project Green Light participants within the adjacent Palmer Park, close proximity local policing authorities, and location along a main thoroughfare, provide built-in safety mechanisms to residents
Listing Contacts
Listed by Friedman Real Estate
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