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Income Generating Multifamily Portfolio 2 Multifamily Properties Online Auction Sale Detroit, MI
Investment Highlights
- Fee simple offering of two multifamily assets totaling 31,324 square feet on a 0.843-acre site within Detroit’s Chalmers Apartment community.
- 92% occupied, generating in-place income with remaining lease-up potential and opportunity to enhance operations and rental income.
- Functional unit mix of one- and two-bedroom units positioned to capture strong demand for affordable housing in the surrounding area.
- Public transit access via DDOT and SMART bus routes along Gratiot Avenue, with FAST service and connections to the QLINE corridor.
- Value-add opportunity with some in-place upgrades to interiors, mechanical systems, and security enhancements.
- Flexible execution strategy allowing investors to maintain cash flow or reposition the asset to capture higher-quality tenancy and rent growth.
Executive Summary
14144 Corbett Street and 9441 Queen Street comprise a 42-unit, two-building multifamily portfolio totaling 31,324 square feet on a 0.843-acre site in Detroit, Michigan. The portfolio is currently 92% occupied, providing immediate in-place cash flow while offering meaningful value-add potential through lease-up, interior renovations, and operational enhancements.
The property consists of 13 two-bedroom units and 29 one-bedroom units, offering investors the opportunity to increase rental income through continued unit renovations, improved management, and strategic capital improvements. Located near the heavily traveled Woodward Avenue corridor and just north of Interstate 94, the portfolio benefits from convenient access to major employment centers, shopping, and neighborhood amenities, including East English Village, Morningside, and Grosse Pointe.
Positioned within minutes of Gratiot Avenue and Interstates 94 and 75, the property offers excellent regional connectivity throughout Detroit and the surrounding metropolitan area. Public transportation is readily available via DDOT and SMART bus routes along nearby Gratiot Avenue, including FAST service with convenient connections to the QLINE, providing direct access to Midtown and Downtown Detroit.
The surrounding submarket continues to demonstrate strong fundamentals for workforce housing. Within a three-mile radius, approximately 46% of households are renter-occupied, while 56% consist of one- and two-person households, supporting sustained demand for one- and two-bedroom apartment homes.
With stable in-place occupancy, proven rental demand, and significant opportunities to enhance operations and increase revenues, 14144 Corbett Street and 9441 Queen Street represent an attractive value-add multifamily investment in one of Detroit's established residential submarkets.
Property tours are available by appointment only. Please contact the listing broker for additional information or to schedule a tour.
The property consists of 13 two-bedroom units and 29 one-bedroom units, offering investors the opportunity to increase rental income through continued unit renovations, improved management, and strategic capital improvements. Located near the heavily traveled Woodward Avenue corridor and just north of Interstate 94, the portfolio benefits from convenient access to major employment centers, shopping, and neighborhood amenities, including East English Village, Morningside, and Grosse Pointe.
Positioned within minutes of Gratiot Avenue and Interstates 94 and 75, the property offers excellent regional connectivity throughout Detroit and the surrounding metropolitan area. Public transportation is readily available via DDOT and SMART bus routes along nearby Gratiot Avenue, including FAST service with convenient connections to the QLINE, providing direct access to Midtown and Downtown Detroit.
The surrounding submarket continues to demonstrate strong fundamentals for workforce housing. Within a three-mile radius, approximately 46% of households are renter-occupied, while 56% consist of one- and two-person households, supporting sustained demand for one- and two-bedroom apartment homes.
With stable in-place occupancy, proven rental demand, and significant opportunities to enhance operations and increase revenues, 14144 Corbett Street and 9441 Queen Street represent an attractive value-add multifamily investment in one of Detroit's established residential submarkets.
Property tours are available by appointment only. Please contact the listing broker for additional information or to schedule a tour.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Fee Simple | Total Building Size | 66,921 SF |
| Sale Type | Investment | Total Land Area | 1.70 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 66,921 SF |
| Total Land Area | 1.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
| 9441 Queen St, Detroit, MI 48213 | Multifamily | 34,023 SF | 1980 |
|
Chalmers Apartments
14414 Corbett St, Detroit, MI 48213 |
Multifamily | 32,898 SF | 1956 |
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Sale Advisors
Sale Advisors
Sloane Walsh, Associate
Sloane focuses on sales and leasing - primarily in downtown Detroit and the surrounding neighborhoods. Sloane's strong work ethic and passion for the city make him a valuable asset to the Avison Young team.
Prior to joining Avison Young, Sloane attended Culverhouse College of Business at The University of Alabama. Sloane is a Birmingham, Michigan native and a graduate of Brother Rice High School.
Prior to joining Avison Young, Sloane attended Culverhouse College of Business at The University of Alabama. Sloane is a Birmingham, Michigan native and a graduate of Brother Rice High School.
Vincent Mazzola, Senior Associate
Vincent has 10 years of experience working in commercial real estate. He is currently a Senior Associate at O'Connor Real Estate focused on commercial sales and leasing.
About the Auction Technology
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Auction Contact
Taylor Cunningham
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 6505431586
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Income Generating Multifamily Portfolio
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