28
See all 28 photos
$2,500,000
Est. payment /mo
2 Baths
15,714 SqFt
New
1251 E Woodward Heights BLVD Hazel Park, MI 48030
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 15,714 sqft
Price per Sqft $159
MLS Listing ID 20261045681
Style Other
Full Baths 2
Year Built 2022
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type MultiFamily
Property Description
Rare opportunity to acquire a stabilized 10 unit multifamily asset in Hazel Park, one of Metro Detroit's strongest rental submarkets. With deep tenant demand, low area vacancy, and a workforce housing profile that performs in every market cycle, this building is ideal for investors seeking dependable long term cash flow at a significantly improved basis. Portfolio buyers take note: the adjacent building will be coming to market soon, offering a chance to scale your position in this corridor with two assets side by side. The rent roll is supported by location: minutes from the I75 and I696 interchange, with major employment anchors nearby including the Amazon facility at 10 Mile and Dequindre, Corewell Health Royal Oak, the GM Tech Center in Warren, and downtown Detroit roughly 15 minutes south. Hazel Park's ongoing revitalization, including the growing restaurant and retail corridor along John R, continues to drive tenant demand and rent growth in the area. Residents are served by Hazel Park Schools including Webb Elementary, Hazel Park Junior High, and Hazel Park High School, plus parks, the recreation center, and the district library, amenities that support strong tenant retention and low turnover. Rent roll and financials available to qualified buyers. BATVAI
Location
State MI
County Oakland
Area Area02257Hazelpark
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Poured, Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Hazel Park
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
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Listed by Joseph Rauti of Century 21 Curran & Oberski
NEARBY SCHOOL & BUSINESS
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