Listed by Friedman Real Estate
Unpriced
Auction Receivership Sale | 269-Units
Details
APN 02002616-26; 02002627; 02002690; 02002570; 02002583-4; 02002594-6; 02002588; 02002590-1; 02002628; 02002629
Property Type Multifamily
Units 269
Acreage 5.520
Zoning R-5
641 Covington Dr, Detroit, MI 48203
Investment highlights
- Scaled Portfolio: Ten-building cluster enabling efficient, unified management
- Value-Add Upside: Rent growth via upgrades and improved operations
- Strong Demand: Consistent workforce housing need with limited new supply
- Diversified Income: Multiple assets reduce vacancy risk and allow phased capex
- NEZ Benefit: Partial tax abatement lowers expenses and boosts returns
- Prime Access: Near Woodward Ave, I-75, and major employment hub
- Sale Price: First Bid Meets Reserve Auction Sale
- Auction date: 6/24/2026
Listing Contacts
Listed by Friedman Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
