Log In/Sign Up
Your email has been sent.
Wayne 30 Unit - 3 Property Portfoli Sale 3 Properties Offered at $1,450,000 in Wayne, MI
Investment Highlights
- Three-property portfolio totaling 30 units with a diverse mix of studio to five-bedroom layouts.
- Recent capital improvements include new roofs and apron upgrades, enhancing long-term durability.
- Positioned in a stable rental market with proximity to major employers and regional amenities.
- Located in Wayne, MI, with convenient access to I-94, I-275, and Detroit Metropolitan Airport.
- Strong in-place occupancy of 90% with an attractive 8.02% cap rate for immediate cash flow.
- Functional unit layouts and durable construction appeal to a broad tenant base.
Executive Summary
Marcus & Millichap is pleased to present the Wayne Portfolio, a 30-unit multifamily offering comprised of three properties located in Wayne, Michigan: Gloria Apartments at 3448–3468 Gloria Street, Sims Apartments at 34610 Sims Street, and Brush Apartments at 35641–35657 Brush Street.
The portfolio features a diverse unit mix of studio, one, two, three, and five bedroom apartments, ranging in size from approximately 700 to 1,500 square feet, appealing to a broad tenant base. Constructed between 1940 and 1958, the properties feature durable construction and functional layouts.
With multiple unit types and three separate locations within the same submarket, the Wayne Portfolio provides operational scale while maintaining neighborhood-level appeal. The offering presents investors with the opportunity to acquire a diversified, cash flowing portfolio in a stable Wayne County rental market with long-term demand fundamentals.
Recent capital improvements include new roofs at 35641 Brush and 35649 Brush, as well as a newly completed apron at the Brush properties at an approximate cost of $9,000, further enhancing the overall condition and long-term durability of the portfolio.
The portfolio features a diverse unit mix of studio, one, two, three, and five bedroom apartments, ranging in size from approximately 700 to 1,500 square feet, appealing to a broad tenant base. Constructed between 1940 and 1958, the properties feature durable construction and functional layouts.
With multiple unit types and three separate locations within the same submarket, the Wayne Portfolio provides operational scale while maintaining neighborhood-level appeal. The offering presents investors with the opportunity to acquire a diversified, cash flowing portfolio in a stable Wayne County rental market with long-term demand fundamentals.
Recent capital improvements include new roofs at 35641 Brush and 35649 Brush, as well as a newly completed apron at the Brush properties at an approximate cost of $9,000, further enhancing the overall condition and long-term durability of the portfolio.
Property Facts
| Price | $1,450,000 | Status | Active |
| Price / SF | $87.74 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.02% | Total Building Size | 16,526 SF |
| Sale Type | Investment | Total Land Area | 0.91 AC |
| Price | $1,450,000 |
| Price / SF | $87.74 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.02% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 16,526 SF |
| Total Land Area | 0.91 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 35641-35657 Brush St, Wayne, MI 48184 | Multifamily | 8,760 SF | 1958 | - |
|
Gloria Street Apartments
3448-3468 Gloria St, Wayne, MI 48184 |
Multifamily | 4,200 SF | 1940 | - |
|
St. Mary Convent
34610 Sims St, Wayne, MI 48184 |
Office | 3,566 SF | 1970 | - |
1 1
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Wayne 30 Unit - 3 Property Portfoli Sale
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.