11178 -11180 E 7 Mile Rd, Detroit, MI 48234 For Sale

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11180 E 7 Mile Rd 11180 E 7 Mile Rd, Detroit, MI 48234 Value-add multifamily opportunity in Detroit’s active rental corridor. This vacant 16-unit apartment building offers investors the chance to reposition and lease-up a substantial asset in a strong rental market. Built in 1966, the two-story property contains approximately 11,060 SF on a 0.28-acre site and is zoned B4, offering flexibility for a range of strategies. The unit mix features large studio and one-bedroom apartments, appealing to broad tenant demand. Located on the south side of E 7 Mile Rd just east of Outer Dr, the property benefits from strong visibility and traffic counts of approximately 16,645 vehicles per day. Surrounding neighborhood retail, services, and residential density further support long-term rental potential. Offered at $349,000, or approximately $21,812 per unit, this is a compelling opportunity for investors seeking a multifamily asset with significant upside through renovation, stabilization, and active management. Ideal for experienced operators looking to unlock value in a well-located Detroit apartment building!

• Non-Contingent
• Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
• Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit

11178 -11180 E 7 Mile Rd, Detroit, MI 48234