9001 Southfield Fwy | Detroit, MI 48228
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- LoopNet Team
9001 Southfield Fwy
Detroit, MI 48228
Northbrook Apartments | Lender-Owned MF Asset · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- Receiver ordered sale of a vacant, 40-unit multifamily asset, offering a value-add opportunity through extensive renovations and leasing strategies.
- Located within proximity to Southfield Freeway (M-39) via Joy Road, providing convenient access to I-96 and the entire regional expressway system.
- Nearby national retailers such as Target, Walmart, Home Depot, Best Buy, Burlington, Planet Fitness, and Fairlane Town Center sit within 2 miles.
- Opportunity for a lower-cost basis to deliver refreshed units versus a tear down/new build due to the rising construction costs.
- Situated just 5 miles of major employers, including Ford Motor Company, Detroit Diesel, Henry Ford Medical Center, AAA Auto Club Group, and more.
- Northbrook Apartments is walkable to Frank Cody Highschool, Edison Detroit Public Library, McDonald's, KFC, Dollar General, Shell, and Subway.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 0.68 AC |
| Type of Ownership | Fee Simple | Building Size | 30,362 SF |
| No. Units | 40 | Average Occupancy | 82% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Low-Rise | Parking Ratio | 1.32/1,000 SF |
| Building Class | C | Parcel Number | 22-0744439 |
| Zoning | R4 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 30,362 SF |
| Average Occupancy | 82% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | R4 |
| Parcel Number | 22-0744439 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
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