Mayfair Apartments 24949 Mayfair Dr 87 Unit Apartment Building For Sale Flat Rock, MI 48134

Mayfair Apartments presents an exceptional opportunity to acquire a stabilized, fully occupied, 87-unit garden-style apartment community in Flat Rock, Michigan. Situated on a 17.41-acre parcel, the property offers 216,412 square feet of residential space across two-story buildings configured to provide a strong mix of one-, two-, and three-bedroom units. Originally built in 1974 and renovated in 2004, the asset features updated systems and layouts that meet the needs of today’s renters, while maintaining operational efficiency.
Residents enjoy ample amenities including playgrounds, laundry facilities, 24-hour access, and significant parking capacity. Each unit offers conveniences such as air conditioning, cable-ready connectivity, and individual HVAC controls, supporting long-term tenancy and satisfaction. The property operates at a consistent 100% occupancy, demonstrating its strong demand and stable income stream.
Located in a well-established residential district of Downriver Detroit, Mayfair Apartments benefits from close proximity to major transportation corridors, employment hubs, and community services. With connectivity via I-75 and nearby commercial centers, the asset is well-positioned to attract workforce housing demand and retain tenants in a supply-constrained market. Investors are presented with a rare chance to secure immediate scale in a thriving suburban location with predictable returns and options for future value enhancement through operational optimization.