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21516 Dequindre Rd
Warren, MI 48091
Warren Manor Apartments · Multifamily Property For Sale
·
479 Units
Investment Highlights
- PRIME LOCATION IN A THRIVING MARKET Acquire a 479-unit multifamily property strategically positioned within the dynamic Detroit suburb market.
- VALUE-ADD OPPORTUNITY WITH CONTINUED RENOVATIONS This well-maintained, two-story community on 30.72 acres presents significant value-add potential.
- SIGNIFICANT RENTAL UPSIDE POTENTIAL Benefit from a projected 33% upside in rental income.
- DESIRABLE UNIT MIX & AMENITIES The property features a well-balanced mix of one- and two-bedroom units with modern upgrades.
- IMMEDIATE INCOME STREAM The property currently generates $454,350.81 in monthly income, providing investors with a strong in-place cash flow.
- PROXIMITY TO MAJOR EMPLOYMENT & EDUCATION Located in Warren, a city with a diversified economy.
Property Facts
| No. Units | 479 | Building Size | 388,675 SF |
| Property Type | Multifamily | Average Occupancy | 84% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1969/2023 |
| Building Class | C | Parking Ratio | 2.58/1,000 SF |
| Lot Size | 30.72 AC | ||
| Zoning | MZ - Multiple-Family Dwelling District | ||
| No. Units | 479 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 30.72 AC |
| Building Size | 388,675 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2023 |
| Parking Ratio | 2.58/1,000 SF |
| Zoning | MZ - Multiple-Family Dwelling District |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Handrails
- Recreation Room
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Basketball Court
- Laundry Service
- Package Service
- Renters Insurance Program
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
- Hearing Impaired Accessible
- Maintenance on site
- Multi Use Room
- Online Services
- Sundeck
- Vision Impaired Accessible
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 295 | - | 725 |
| 2+1 | 184 | - | 950 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $9,676,880 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,676,880
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