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1241 E Woodward Heights Blvd 24 Unit Apartment Building For Sale Hazel Park, MI 48030
Investment Highlights
- Strong income performance with projected gross scheduled income of $195,000 annually.
- Low-maintenance multifamily asset offering operational efficiency and steady rental demand.
- Convenient access to major transportation routes, nearby schools, parks, and retail corridors.
Executive Summary
This recently constructed multi-family asset in Hazel Park offers a strong investment opportunity in Southeast Oakland County. Built in 2019 and remodeled in 2023, the property features eight townhouse-style units, each designed with two bedrooms, two full baths, in-unit laundry, and high-end finishes such as modern kitchens, premium cabinetry, and granite countertops. Each unit includes an attached garage and access to a spacious parking lot, enhancing both convenience and tenant appeal.
Property Facts
| Sale Type | Investment | Building Size | 20,000 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Low-Rise | Parking Ratio | 0.05/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.50 AC | ||
| Zoning | RC - Multiple Family Residential | ||
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.50 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 0.05/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RC - Multiple Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $2,250 | 1,400 - 2,800 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-25-251-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $171,430 |
Property Taxes
Parcel Number
25-25-251-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$171,430
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1241 E Woodward Heights Blvd
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