303 Covington Dr
Highland Park, MI 48203
303 Covington · Multifamily Property For Sale
·
15 Units
Investment Highlights
- Recently remodeled 15-unit Palmer Park GEM
- This property has been a reliable income producer for decades
- Over $400k in renovations by the seller
Property Facts
| No. Units | 15 | Building Size | 15,878 SF |
| Property Type | Multifamily | Average Occupancy | 40% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2024 |
| Building Class | C | Parking Ratio | 3.15/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | Commercial - Commercial Zoned District | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 15,878 SF |
| Average Occupancy | 40% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2024 |
| Parking Ratio | 3.15/1,000 SF |
| Zoning | Commercial - Commercial Zoned District |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
About 303 COVINGTON DR , HIGHLAND PARK, MI 48203
MID-CENTURY IN THE CITY! Sellers have made an extensive investment into renovations, making this recently remodeled 15-unit Palmer Park GEM a prime income-generating property. 303 Covington consistently earns top-dollar rental income, with most units already updated or in the final stages of renovation—tenant-ready within the month. Recent upgrades include a new boiler (2022), all new electrical service panels, dozens of replaced thermal windows, new in-unit ACs, and numerous interior improvements throughout each unit. This property has been a reliable income producer for decades and has undergone several thoughtful restorations, making it highly desirable for long-term, consistent occupancy. Tenants enjoy a shared courtyard and laundry room, secure fencing, illuminated walkways, front and rear entrances, and first-come, first-served parking. Rent rolls and expense reports available upon request. Don’t miss this incredible investment opportunity in one of Detroit’s most historic and revitalized neighborhoods!
Property Taxes
| Parcel Number | 02-00-260-60-02L | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $269,500 |
Property Taxes
