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14500 Prospect St
Dearborn, MI 48126
Dorchester Apartments · Multifamily Property For Sale
·
72 Units
Property Facts
| No. Units | 72 | Building Size | 60,000 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Building Class | C | Parking Ratio | 2.93/1,000 SF |
| Lot Size | 3.16 AC | ||
| Zoning | RE | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.16 AC |
| Building Size | 60,000 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.93/1,000 SF |
| Zoning | RE |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Storage Space
- Maintenance on site
- Smoke Detector
About 14500 PROSPECT ST , DEARBORN, MI 48126
Colliers International is pleased to present the Dorchester Apartments located in Dearborn, Michigan. The improvements consist of 72 units totaling 60,780 SF. Dorchester Apartments is a stabilized asset with a 98.6% occupancy rate. The complex is comprised of two, two-story buildings located at 14500 Prospect Street, southwest of Dearborn’s Michigan Avenue downtown district. There are three access points along Prospect Street. Onsite amenities include laundry facilities, storage units, and ample surface parking with carports available for rent. The subject is situated south of Ford Rd (74,000 VPD), near the Southfield Freeway (83,000 VPD), and Michigan Avenue (M-12, 89,000 VPD). These nearby highways provide the Dorchester Apartments with quick and easy regional access throughout the Detroit metro. Desirable destinations such as downtown Detroit and DTW International Airport are conveniently close to the property. Employment centers near the property include Ford’s 16M SF global headquarters, the Fairlane Town Center (160 retailers), University of Michigan-Dearborn, and Henry Ford College (9,600 enrollment). Ford Motor Company is currently in the process of modernizing the Dearborn facilities which will generate immense positive impact and jobs for the community. Dorchester Apartments provide the opportunity to acquire a stabilized multifamily asset with strong demand, leasing velocity and ideal market positioning.
Property Taxes
| Parcel Number | 32-10-184-19-038 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,910,300 |
Property Taxes
