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Glen Rose Apartments 18250 Weaver St 40 Unit Apartment Building $2,650,000 ($66,250/Unit) 12% Cap Rate Detroit, MI 48228
Executive Summary
Turnkey 40-Unit Multifamily Opportunity | CASH FLOW !| 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. 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.
Please contact the listing agent directly for all showings and additional information. Submit LOIs to email:lilamircholi@yahoo.com or call 248-914-2025 for further inquiries. Buyer agent to verify all information on listing ticket, all information deemed reliable but not guaranteed. Listing agent is related to seller(s)
Please contact the listing agent directly for all showings and additional information. Submit LOIs to email:lilamircholi@yahoo.com or call 248-914-2025 for further inquiries. Buyer agent to verify all information on listing ticket, all information deemed reliable but not guaranteed. Listing agent is related to seller(s)
Property Facts
| Price | $2,650,000 | Building Class | C |
| Price Per Unit | $66,250 | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 29,712 SF |
| Cap Rate | 12% | Average Occupancy | 100% |
| No. Units | 40 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.35/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Residential | ||
| Price | $2,650,000 |
| Price Per Unit | $66,250 |
| Sale Type | Investment |
| Cap Rate | 12% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 29,712 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1969/2024 |
| Parking Ratio | 1.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 600 |
| 1+1 | 29 | - | 800 |
| 2+1 | 3 | - | 1,200 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 22-06825-561 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $506,800 |
Property Taxes
Parcel Number
22-06825-561
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$506,800
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Glen Rose Apartments | 18250 Weaver St
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