18045 & 18111 Lahser Road

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Address: 18045 & 18111 Lahser Road, Detroit, Michigan, US
Created date: March 19, 2024
Date last updated: May 20, 2024
  • 30,229 SF building | 49-unit | Built 1963
  • 9.21% CAP Rate | $276,241 NOI
  • Zoned R3
  • Significant Value-Add Potential through Strategic Upgrades and Management Efficiencies
  • Diverse Unit Mix: A mix of 1, 2, & 3-bedroom units across two buildings, allowing for a diversified tenant base & flexibility in rental strategies
  • Community and Accessibility: The property's urban location ensures convenient access to local amenities, employment centers, and transportation networks, promoting a high quality of living for residents.

Property Description

Introducing a prime opportunity for Multifamily/Low-Rise/Garden investors in the Detroit area. This property features a substantial 30,229 SF building with 49 units, offering an excellent investment potential.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,000,000
No. of Units: 49
Year Built: 1963
Lot Size: 1.46 Sq ft
Opportunity Zone: No
Price per unit: $61,224
Property Website Click Here
Address: 18045 & 18111 Lahser Road, Detroit, MI 48219, USA
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