Buyer beware sold as is where is, building requires extensive interior and exterior rehabilitation.
Property tours are available by appointment ONLY. Please contact Rich Deptula to schedule at richard.deptula@freg.com or 248-848-4938.
Investment Highlights:
Vacant five story 63-unit apartments in Detroit, MI
Value-add opportunity to restore and lease up
Great location with easy access to US I-96 and minutes from downtown Detroit
Dense demographics with 2017 Population of ñ410,861 with 5-mile radius
Investment Overview:
Sinclair Manor Apartments, (the " Property ") is a 63-unit, interior corridor, multifamily apartment building located at 2750 Sturtevant Street in Detroit, MI.
Constructed in 1925, the Property is currently vacant and consists of a 5-story multifamily building on 0.28 acres of land. The Property has a beautiful central courtyard and in a primarily residential community. The Property is located NW of the CBD and adjacent to I-96 providing easy access to downtown Detroit.
Detroit is the most populous city in Michigan and the seat of Wayne County. The municipality of Detroit had a 2015 estimated population of ñ677,116, making it the 21st-most populous city
The municipality of Detroit had a 2015 estimated population of ñ677,116, making it the 21st-most populous city in the US. The metropolitan area, known as Metro-Detroit, is home to ñ4.3 million people, making it the 2nd largest in the Midwest after Chicago. Downtown Detroit and the neighborhoods nearby have a growing residential population that provides a strong base for future development. Over the past decade, more than $15 billion has been invested downtown in two new professional sports stadiums, live theater and opera venues, gaming casinos and hotels, major new Class A offices for General Motors, Compuware and Quicken Loans, residential developments (single-family, condos and lofts), retail, restaurants, and nightclubs. As a result of these investments, the character of downtown Detroit and its neighborhoods has fundamentally changed. Easy access to Interstate 94, I-75, I-275, I-96 and I-696 provides Detroit with the superior highway infrastructure to quickly reach markets. The Property is only a few miles from the CBD and has a great location with easy access to I-96 (which extends northwest from downtown Detroit to Grand Rapids and Muskegon).
