1400 Seward Avenue, Detroit, MI 48206

The Kirkwood Apartments is a 26-unit, recently renovated multifamily asset located in Detroit’s North End, offering investors a stabilized, cash-flowing opportunity in a strengthening urban submarket. Built in 1916 and currently operating at approximately 97% occupancy, the property consists of a mix of large two- and three-bedroom units averaging roughly 990 square feet. Interiors have been upgraded with renovated kitchens and bathrooms, new appliances, and updated flooring, positioning the asset as an attractive, value-oriented housing option for workforce tenants.

The property generates approximately $364,800 in annual gross scheduled rent with an in-place net operating income of roughly $227,000, providing a solid income base with continued upside potential. Current average rents of approximately $1,169 per unit ($1.18/SF) remain below nearby comparable properties averaging closer to $1.49/SF, indicating the opportunity for strategic rent growth through continued operational optimization. With proximity to major employment centers, including Henry Ford Health, and ongoing revitalization throughout Detroit, Kirkwood Apartments is well positioned for both income stability and long-term appreciation.