Dunedin Apartments | 28 Units Stabilized
Detroit | LaSalle Gardens/Virginia Park
Marketing description
Dunedin Apartments at 7536 & 7510-7512 Dunedin Street, Detroit, MI 48206 offers a rare opportunity to acquire a stabilized 28-unit multifamily portfolio in Detroit’s sought-after Virginia Park/LaSalle Gardens corridor. Blending timeless 1924 architecture with recent renovations, the property delivers immediate in-place cash flow with additional upside through lease optimization and future rent growth.
The 22,827 SF portfolio consists of two buildings on an expansive 1.08-acre site and features a diverse unit mix of studios, one-bedroom, two-bedroom, and three-bedroom apartments, appealing to a broad renter base. Renovated interiors, classic historic character, and strong occupancy position the asset to compete well in one of Detroit’s most architecturally significant neighborhoods.
Ideally located just west of New Center and minutes from Midtown, Downtown Detroit, Boston-Edison, Henry Ford Health, Wayne State University, and the Detroit Medical Center, the property benefits from powerful surrounding demand drivers and ongoing neighborhood reinvestment. Adding to the appeal, the site includes substantial excess land for potential future multifamily development, creating a compelling combination of stabilized income, value-add potential, and long-term appreciation.
Investment highlights
- 7536 & 7510–7512 Dunedin Street presents a rare opportunity to acquire a renovated 28-unit multifamily portfolio in one of Detroit’s most promising and architecturally significant neighborhoods. Situated in the highly desirable Virginia Park / LaSalle Gardens corridor, the property offers investors a compelling blend of historic character, in-place occupancy, and long-term upside in an area benefiting from continued reinvestment and strong rental demand.
- Stabilized Cash Flow with Meaningful Rental Upside: The portfolio offers immediate income through existing occupancy while also presenting a clear path to revenue growth through continued lease optimization and mark-to-market rent increases. With a mix of studios, one-bedroom, two-bedroom, and three-bedroom units, the property appeals to a broad tenant base and provides diversified income streams. As renovated units continue to command stronger rents in the surrounding submarket, investors have the opportunity to increase cash flow while benefiting from the stability of an already operating asset.
- Historic Character with Renovated Unit Appeal: These buildings offer the type of authentic historic architecture increasingly sought after by Detroit renters, particularly in neighborhoods like Virginia Park and LaSalle Gardens where charm, location, and character drive tenant interest. The property combines classic Detroit multifamily design with updated interiors and improved livability, creating an attractive rental product positioned to compete well against newer and less distinctive inventory in the area. This blend of character and functionality supports tenant retention and stronger long-term leasing performance.
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