Listed by Douglas Rose Realty
$1,280,000
4110-4114 Trumbull St
Details
Property Type Multifamily
Sub Type Apartment Building, Condominiums
Square Footage 4,950
Units 3
Cap Rate 4.39%
NOI $56,136
Price per SqFt $259
Year Built 1900
Year Renovated 2021
Acreage 0.110
Zoning R3-H
Multifamily | 4.39% CAP | 3 Units
Marketing description
4110-4114 Trumbull is a renovated three-unit multifamily property totaling approximately 4,950 square feet in Detroit’s historic Woodbridge neighborhood. The property is fully leased and stabilized, featuring spacious unit layouts, high-quality finishes, and a rear carport with four dedicated parking spaces. All three units are individually parceled as a condominium and each benefits from a NEZ-R tax abatement, providing significantly reduced property taxes and enhancing long-term investment returns. Located along Trumbull Avenue, the property sits within one of Detroit’s most desirable and architecturally significant neighborhoods, known for its historic homes, tree-lined streets, and close proximity to Midtown and Downtown.
Woodbridge is one of Detroit’s most historic and desirable residential neighborhoods, known for its preserved Victorian architecture, tree-lined streets, and strong community character. The district has experienced steady reinvestment.
Located directly adjacent to Midtown, the property benefits from proximity to major institutional anchors including Wayne State University, the Detroit Medical Center, and Henry Ford Health, which collectively employ tens of thousands of people and drive sustained housing demand.
Woodbridge continues to attract residents seeking historic character with close proximity to Midtown and Downtown, creating consistent demand for well-located residential properties within the neighborhood.
With limited multifamily inventory and strong renter demand, Woodbridge remains one of Detroit’s most supply-constrained and stable residential neighborhoods, supporting long-term residential investment.
Investment highlights
- Historic red brick masonry structure featuring a steep mansard style roof with wood shingle cladding and decorative dormer windows. Front façade incorporates arched masonry window openings, projecting bays, and detailed trim elements. Covered front porches create a balanced and prominent street presence along Trumbull Avenue.
- The property underwent a comprehensive renovation in 2021, blending historic character with modern finishes and systems.
- Upgrades include flat-panel kitchen cabinetry, granite countertops, subway tile backsplashes, stainless steel appliances, & new solid
- oak flooring throughout. Additional improvements include new wood windows, new HVAC systems, & construction of a rear carport providing four dedicated parking spaces.
- #A (4110): 1 bedroom/ 1.5 bathroom unit. Occupies North side 1 floor.(shared basement) 900 sf
- #B (4112): Bi-level 2 bedroom/ 2.5 bathroom unit.Occupies upper 2 floors on North side.(shared basement) 1,528sf
- #C (4114): Top to bottom town home. 4 bedroom/ 3.5 bathroom unit.Occupies entire south side.(private basement) 2,520sf
- Each unit benefits from a NEZ-Rehab tax abatement through December 31, 2038.
- 15-year abatement significantly reduces property taxes compared to comparable multifamily assets.
- Abatement applies to each individually parceled condominium unit, providing long-term tax efficiency.
- Reduced tax burden improves cash flow and overall investment returns.
- Each unit is individually parceled as a condominium, allowing for future individual unit sales.
- Property may continue operating as a stabilized multifamily asset with strong rental demand.
- Structure provides optionality for a phased condo sell-off strategy.
- Multiple exit pathways provide long-term investment flexibility.
Listing Contacts
Listed by Douglas Rose Realty
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$56,136.00
$4,678.00/mo
Valuation Metrics
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DSCR
4.39%
Cap Rate
4.39%
ROI
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