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Alia Condos 1 Multifamily Properties Offered at $3,500,000 in Warren, MI
Investment Highlights
- Newly constructed multifamily community completed in 2023.
- Well-located near 14 Mile and Ryan Road with convenient access to I-75 and I-696.
- Surrounded by shopping, restaurants, and community amenities enhancing tenant retention.
- Ten fully leased townhome-style units with three bedrooms and 2.5 bathrooms each.
- Strong income performance supported by a Net Operating Income of $158,400 annually.
Executive Summary
This fully leased 10-unit multifamily property presents an attractive investment opportunity in Warren, Michigan. Constructed in 2023, the property offers modern finishes and consistent rental income across its spacious three-bedroom, 2.5-bath units. All ten units are currently rented at $2,000 per month, delivering a strong and stable cash flow with an established Net Operating Income of approximately $158,400 annually.
Positioned near the intersection of 14 Mile and Ryan Road, the property benefits from excellent connectivity to Detroit’s metropolitan area and major thoroughfares, including I-75 and I-696. The location is convenient to retail, dining, and community amenities, contributing to its strong tenant appeal. With proximity to local employers and key commercial corridors, the asset supports both current returns and long-term appreciation potential. At a price of $3,500,000, this listing offers an investor the rare advantage of acquiring a newly built, income-producing property in a high-demand submarket.
Positioned near the intersection of 14 Mile and Ryan Road, the property benefits from excellent connectivity to Detroit’s metropolitan area and major thoroughfares, including I-75 and I-696. The location is convenient to retail, dining, and community amenities, contributing to its strong tenant appeal. With proximity to local employers and key commercial corridors, the asset supports both current returns and long-term appreciation potential. At a price of $3,500,000, this listing offers an investor the rare advantage of acquiring a newly built, income-producing property in a high-demand submarket.
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Property Facts
| Price | $3,500,000 | Number of Properties | 2 |
| Price / SF | $237.29 / SF | Individually For Sale | 0 |
| Cap Rate | 4.53% | Total Building Size | 14,750 SF |
| Sale Type | Investment | Total Land Area | 0.99 AC |
| Status | Active |
| Price | $3,500,000 |
| Price / SF | $237.29 / SF |
| Cap Rate | 4.53% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,750 SF |
| Total Land Area | 0.99 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4006 Alia Dr, Warren, MI 48092 | Multifamily | 14,750 SF | 2023 | - |
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