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$ 2,499,000
Est. payment /mo
New
18250 WEAVER Street Detroit, MI 48228 4410
40 Baths
19,557 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 19,557 sqft
Price per Sqft $127
Subdivision Mi
MLS Listing ID 60393095
Full Baths 40
Year Built 1969
Annual Tax Amount $48,402
Lot Size 0.890 Acres
Acres 0.89
Lot Dimensions 387x100
Property Sub-Type Multi-Family
Property Description
Turnkey 40-Unit Multifamily Opportunity | 12–14% Cap Rate Potential | Prime Detroit Location Fully remodeled 40-unit multifamily asset ideally located in the heart of Detroit, just minutes from major shopping districts and directly adjacent to the highly sought-after Dearborn Heights community. This property has undergone a full transformation—modernized units, updated mechanicals, and refreshed common areas—making it a truly turnkey opportunity. With projected annual revenue of approximately $480,000, this property offers investors a potential 12–14% cap rate upon stabilization. Lightly occupied post-renovation with strong tenant interest already in motion. Seller is ready to hand off this high-yield investment to a new owner ready to capitalize on rising demand and long-term wealth creation through lease-up and management.
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Electric Heat, Space Heater
Fireplace No
Exterior
Exterior Feature Brick
Building
Foundation Slab
Water Public Water at Street, Community
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $100
Energy Description Electric
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Golden Key Realty Group LLC