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5764 Woodward Ave 6 Unit Apartment Building $1,250,000 ($208,333/Unit) Detroit, MI 48202
Executive Summary
O’Connor Real Estate is pleased to present 5764 Woodward Ave, a fully renovated six- unit apartment building in Detroit’s Cultural District of Midtown. Each unit offers three bedrooms and two bathrooms. The property underwent a comprehensive renovation in 2020, including interior upgrades, mechanical system improvements, and façade restoration. Additional value-add opportunities include completing the one-bedroom garden-level unit and securing a market-rate lease for the billboard. A 15-year NEZ tax abatement took effect in December 2021. Property tours on Thursday, March 26th at Noon
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $208,333 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 11,600 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1905/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.69/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | B4 | ||
| Price | $1,250,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 11,600 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1905/2020 |
| Parking Ratio | 0.69/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 6 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-004244 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $150,600 |
Property Taxes
Parcel Number
01-004244
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$150,600
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5764 Woodward Ave
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