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980 Whitmore Rd
Detroit, MI 48203
Palmer Park Receivership Auction Sale · Property For Sale
Investment Highlights
- Scaled Portfolio: Ten-building cluster enabling efficient, unified management
- Strong Demand: Consistent workforce housing need with limited new supply
- NEZ Benefit: Partial tax abatement lowers expenses and boosts returns
- Value-Add Upside: Rent growth via upgrades and improved operations
- Diversified Income: Multiple assets reduce vacancy risk and allow phased capex
- Prime Access: Near Woodward Ave, I-75, and major employment hubs
Executive Summary
Auction Sale July 13th - July 15th
Property Facts
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 260,409 SF |
| Status | Active | Total Land Area | 5.50 AC |
| Number of Properties | 10 |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 260,409 SF |
| Total Land Area | 5.50 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 851 Covington dr, Detroit, MI 48203 | Land | 0.39 AC | - | - |
| 831 Covington dr, Detroit, MI 48203 | Land | 0.33 AC | - | - |
|
850 Whitmore
850 Whitmore Rd, Detroit, MI 48203 |
Multifamily | 62,640 SF | 1953 | - |
|
Park Central Apartments
980 Whitmore Rd, Detroit, MI 48203 |
Multifamily | 48,632 SF | 1940 | - |
|
Parkway Apartments
641-711 Covington Dr, Detroit, MI 48203 |
Multifamily | 42,662 SF | 1949 | - |
|
825 Whitmore
825 Whitmore Rd, Detroit, MI 48203 |
Multifamily | 23,564 SF | 1944 | - |
|
Florentine East
731 Covington, Detroit, MI 48203 |
Multifamily | 21,200 SF | 1928 | - |
|
Palmer Park Terrace
672-740 Merton, Detroit, MI 48203 |
Multifamily | 20,024 SF | 1944 | - |
|
Florentine West
757 Covington Dr, Highland Park, MI 48203 |
Multifamily | 24,440 SF | 1924 | - |
|
Cook Apartments
951 Whitmore Rd, Highland Park, MI 48203 |
Multifamily | 17,247 SF | 1940 | - |
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