7430 Alaska St | Detroit, MI 48204
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- LoopNet Team
7430 Alaska St
Detroit, MI 48204
8-Unit Multifamily Property · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 8-Unit Apartment Building – A rare multifamily investment opportunity in an emerging Detroit neighborhood
- Potential Upside – Adjusting rents to market rates could increase annual rental income
- Affordable Entry Point – Competitive property pricing with significant upside through renovations and improved property management
- Value-Add Potential
- Strong Rental Demand – Detroit’s rental market remains robust, with high occupancy rates and strong demand for affordable one-bedroom units
- Strategic Location – Close to major employment centers, public transit, and ongoing redevelopment projects, boosting long-term property value
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 5,160 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1926 |
| Zoning | R2 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,160 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1926 |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 800 |
PROPERTY TAXES
| Parcel Number | 16-023656 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $165,900 |
PROPERTY TAXES
Parcel Number
16-023656
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$165,900
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