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David Godin

davidgodin@hotmail.com +1(586) 416-0600

$ 900,000

Est. payment | -/mo

16 Baths

15,106 SqFt

Save

$ 900,000

Est. payment | -/mo

Save

16 Baths

15,106 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,106 sqft

Price per Sqft $59

Subdivision Mi

MLS Listing ID 61007884

Style 2 Story

Full Baths 16

Year Built 1963

Annual Tax Amount $41,576

Lot Size 0.350 Acres

Acres 0.35

Lot Dimensions 122x135

Property Sub-Type Multi-Family

Property Description

Strong multifamily investment opportunity! This 16-unit apartment building offers immediate income with 12 units currently occupied, providing solid cash flow from day one. The remaining vacant units present clear upside for increased revenue through lease-up, rent optimization, and value-add improvements over time. Well-positioned on Lahser Road, the property offers convenient access to major freeways, public transportation, shopping, schools, and everyday amenities - helping support consistent tenant demand. This location makes it attractive for both long-term renters and investors focused on stable occupancy. Ideal for both seasoned and first-time multifamily investors, this asset provides multiple strategies to increase value, whether through improving operations, raising occupancy, or repositioning the property within the market. With strong in-place income and additional upside potential, this is a great opportunity to expand or strengthen your investment portfolio.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Residential

Interior

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by Match Realty

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

Learn More About LPT Realty

19131 Lahser Road Detroit, MI 48219