18045 & 18111 Lahser Road

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 18045 & 18111 Lahser Road, Detroit, Michigan, US
Created date: March 19, 2024
Date last updated: March 21, 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
Multifamily type: Apartments
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
Provided by:

Similar Properties in the Area

7834 S Oglesby Avenue

Chicago , Illinois
Chicago & Midwest + Apartments

522 N Hamlin Avenue

Chicago , Illinois
Chicago & Midwest + Apartments
Price: $125,000

709 S 6th Avenue

Maywood , Illinois
Chicago & Midwest + Apartments
Price: $419,999
popup background image